Need your assistance
I have a client who has shares in her fathers business. She has been crippled by debts left to her from her ex-partner in an existing partnership (nothing to do with her fathers healthy business)
She has resigned as a silent director and has transferred the shares back to her father. If these were ommitted from the statement of affairs - how would the OR know about them if she were to go bankrupt? If they were placed on the statement of affairs how far back could they go to investigate?
Pros and cons would be appreciated. |