Tag: Proceeds

Community Support Rotorua

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March 9, 2010

It’s a fantastic thing when businesses can join together to achieve something great for the wider community.
This month we see many events occurring around Rotorua for the betterment of the community.

On the 5th March LJ Hooker ran an auction for Relay for Life, which raised a total of $2841. Goods and services were generously donated by businesses around Rotorua resulting in a stunning outcome.

Early Wednesday morning 10th March we have the Professionals holding their Charity Breakfast for the Cancer Society. This is an annual fundraising event with proceeds going to the Cancer Society.

http://www.youchoosefoundation.org/

This Friday the 12th March we have the You Choose Foundation running their annual Charity Golf Tournament. The winners will receive $15000 to donate to a charity of their choice.

Saturday 13th-Sunday14th are the days that Relay for life is held this year. This event is held over 22 hrs and involves numerous businesses and organizations around Rotorua. Through this event much needed funds will be donated to the Cancer Society.

All in all, a stunning effort Rotorua, its wonderful to see evidence of the great Community Spirit that we have here, keep up the good work!

: Property Conveyancing News, Uncategorized
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Joint Family Homes Act 1964

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October 15, 2009

Should you make an Application to register you home under the Joint Family Homes Act 1964. It could be an advantage if you have your own business and this will could provide protection from creditors. In effect the property could be registered if:

1. You are the registered owners.

2. You are able to pay all debts.

3. You are not the joint owners of any other home registered under the Act

4. You live in dwelling on the land.

5. The dwelling is your principle place of residence.

If you meet the criteria the effect of registration is that your land is settled as a Joint Family Home. Therefore an interest of $103,000.00 from the proceeds of the sale of the home will be protected from any creditors.

As part of your Application you may request your Application be advertised in the Public Notices, this will inform creditors that you are applying.

If you choose not to advertise and are bankrupt within 2 years of making the Application you will not receive the protection of the Act, as registration will be void against the official assignee.

Regards Kim

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