My question is in a few parts
1. I have signed a document that makes me 'jointly and severally liable’ to a debt of over $400,000 (1 other person also signed the documents). I wasn’t given an opportunity to seek legal advice as the person who made me sign it was a former lawyer from Victoria and the documents were signed in his lawyer's office in QLD. Does this make the documents disputable or null and void? The documents were signed almost 7 years ago and the person is looking to lodge them with the courts to actively pursue me before the statute of limitations runs out.
2. Are there any legal precedents of this nature?
3. Did the documents owner act fraudulently in making me sign these documents in this matter given that fact that he is a lawyer himself? (I have zero education in this field at all).
4. What other factors should I consider before moving forward to resolve this?
5. If I were to declare bankruptcy would this and any other current liabilities be able to pursue me in the future?
NOTES: The Company the funds were used has since been liquidated and has been deregistered by ASIC, I was the director.
Thanks so much in advance for your answers.
1. I have signed a document that makes me 'jointly and severally liable’ to a debt of over $400,000 (1 other person also signed the documents). I wasn’t given an opportunity to seek legal advice as the person who made me sign it was a former lawyer from Victoria and the documents were signed in his lawyer's office in QLD. Does this make the documents disputable or null and void? The documents were signed almost 7 years ago and the person is looking to lodge them with the courts to actively pursue me before the statute of limitations runs out.
2. Are there any legal precedents of this nature?
3. Did the documents owner act fraudulently in making me sign these documents in this matter given that fact that he is a lawyer himself? (I have zero education in this field at all).
4. What other factors should I consider before moving forward to resolve this?
5. If I were to declare bankruptcy would this and any other current liabilities be able to pursue me in the future?
NOTES: The Company the funds were used has since been liquidated and has been deregistered by ASIC, I was the director.
Thanks so much in advance for your answers.