Categories
Debt Management

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.