High Court approves compound interest magic as financier collects 30 x debt after 20 yrs July 08, 2021 | 214 views Australia’s highest court – in confirming that the waiver of statutory consumer protections by con Read Story
Loan book buyer statute barred in $4 mil mortgage debt recovery May 07, 2019 | 378 views Borrowers under a private $320k loan have successfully defended their mortgagee’s $4 mil recovery Read Story
Whitsunday developer’s $3 mil loan default compounds to $11 mil at judgment April 21, 2019 | 964 views One would have thought that all the stories of GFC related property calamities in Queensland had bee Read Story
Court orders halt to recovery action on “predatory” loans to desperate business April 23, 2017 | 681 views Read Story
Businesses drop $850k on incorrectly signed credit applications February 18, 2017 | 367 views An earthmoving equipment company has suffered defeat over a $500k personal guarantee debt due to slo Read Story
Solicitor sued on borrower mis-identification July 21, 2016 | 746 views A mortgage manager who negotiated a loan at the request of a broker has sued the solicitor entrusted Read Story
Borrower defeats NAB on home loan default, gambling wife a defence September 30, 2015 | 420 views A $400k NAB loan taken out in February 2004 was restructured in 2008 into a redraw facility on stric Read Story
Lender barred on mortgage forgery clawback, innocent recipient keeps $225k July 18, 2015 | 567 views A lawyer whose signature was forged by her husband so he could fund a deposit on a stately family ho Read Story
Perpetual’s low-doc home loans struck down for broker’s “exploitation” & originator’s reckless approval July 15, 2015 | 488 views A disabled couple has defeated Australia’s biggest non-bank lender in a court battle that saw thei Read Story