home repossession

Home Repossession Over a Small Debt

19 May 2010
Recently the Queensland Government threatened to seize a Brisbane woman’s home to recoup a debt of $6151.00.

 

It is part of several measures the Queensland Government introduced to recover unpaid fines, with more than $160 million outstanding.

Letters warning of property seizures have been sent to 11 individuals and 4 businesses in QLD, in a bid to recoup $257,000 in outstanding fines since a trial of the strategy began on January 1 2010.

Asset checks are undertaken on fine-defaulters, allowing the Government to seize property including homes and cars to pay back debts. […]

By |May 20th, 2011|Categories: Debt Management|Tags: , , |Comments Off on Home Repossession Over a Small Debt

Credit Card Debts Can Lead to Home Repossession

Home Repossession
A Brisbane couple lost their home valued at $315,000 over a credit card debt of only $8000. They only found out that it went to auction after the home was sold for $20,000 at a bailiff’s auction.

Legal Aid Queensland (LAQ) says it is just one of several cases of debt collection companies moving to […]

By |May 11th, 2009|Categories: Debt Management|Tags: , , , , , |Comments Off on Credit Card Debts Can Lead to Home Repossession