I wouldn’t marry him until he paid off his debt, now I’m in charge of our money | Bathla owners, …

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I wouldn't marry him until he paid off his debt, now I'm in charge of our money

When Sarah Reeve got engaged she gave fiance Lee an ultimatum: he had to pay off his debt before she would marry him.

"I was paying my mortgage and bills whereas he was giving his mum some rent," Sarah says of their situations when they met in their early 20s.

"I told him I wouldn't marry him if he had any debts," says the 45-year-old.

So they set a wedding date for two years ahead which gave Lee the time to pay off the £2,000 bank loan – £4,000 in today's money – he had taken out to buy a car.

Once Lee's debt was cleared, the couple paid everything into a joint account and Sarah took charge of bills, saving and budgeting.

Bathla owners, $3b in debt, plot luxury Sydney family compound

The family behind property group Bathla plan to build a sprawling luxury compound in western Sydney despite the company teetering on the edge of administration after racking up debts of more than $3 billion.

Bathla builds budget-friendly housing estates, townhouses and apartments in Sydney suburbs such as Schofields, Marsden Park and Tallawong but over the past couple of years has become overextended, both in terms of the sheer number of projects it is involved in and its liabilities.

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