Settlements and satisfaction of conditions during COVID-19 Alert Level 3

Since the country went into COVID-19 Alert Level 4 on March 25, 2020, only a small number of conveyancing transactions have been settled, primarily due to the inability for the parties to be able to physically vacate or take possession of the property. While the country will still be under significant restrictions at Alert Level 3, Bramwell Bate are continuing to work remotely and it will be possible to progress some transactions further than we could during Alert Level 4. At...

Separation: How to get by in times of uncertainty

Relationships can be tested at the best of times. But having to co-exist in a “bubble” with potentially a great deal of stress and uncertainty, and limited options for time out, can place a huge pressure on many relationships. And with such a significant change in the economic climate, you may be wondering where you stand should you decide to end a relationship. The Property (Relationships) Act 1976 sets out how property is to be divided at the end of a relationship. It...

Bramwell Bate News

Snippets

General consequence when bankruptcy is declared It is always a difficult time when you find that you are earning 99c but regularly spending $1.00. If you cannot turn the position around, personal bankruptcy being declared against you looms as a real consequence. Filing for bankruptcy itself is the most serious alternative when you are in financial difficulties, and the whole situation is stressful, so sharing the problem with your lawyer in the first instance can help clarify the best way forward. The general...