High Court approves compound interest magic as financier collects 30 x debt after 20 yrs July 08, 2021 | 390 views Australia’s highest court – in confirming that the waiver of statutory consumer protections by conRead Story
Loan book buyer statute barred in $4 mil mortgage debt recovery May 07, 2019 | 443 views Borrowers under a private $320k loan have successfully defended their mortgagee’s $4 mil recoveryRead Story
Whitsunday developer’s $3 mil loan default compounds to $11 mil at judgment April 21, 2019 | 1085 views One would have thought that all the stories of GFC related property calamities in Queensland had beeRead Story
Court orders halt to recovery action on “predatory” loans to desperate business April 23, 2017 | 792 views Private loans with “stratospheric” interest rates exploited the financial desperation of a novicRead Story
Businesses drop $850k on incorrectly signed credit applications February 18, 2017 | 422 views An earthmoving equipment company has suffered defeat over a $500k personal guarantee debt due to sloRead Story
Solicitor sued on borrower mis-identification July 21, 2016 | 834 views A mortgage manager who negotiated a loan at the request of a broker has sued the solicitor entrustedRead Story
Borrower defeats NAB on home loan default, gambling wife a defence September 30, 2015 | 489 views A $400k NAB loan taken out in February 2004 was restructured in 2008 into a redraw facility on stricRead Story
Lender barred on mortgage forgery clawback, innocent recipient keeps $225k July 18, 2015 | 650 views A lawyer whose signature was forged by her husband so he could fund a deposit on a stately family hoRead Story
Perpetual’s low-doc home loans struck down for broker’s “exploitation” & originator’s reckless approval July 15, 2015 | 556 views A disabled couple has defeated Australia’s biggest non-bank lender in a court battle that saw theiRead Story