Tag: debt

• Sep 22 2010

  American Bail-Outs

  It seems the world has long forgotten the Credit Crisis – the worst recession in 80 years that was spawned by the panic that followed the failure, in September 2008, of Lehman Brothers. The $4.2 Trillion that the Credit Crisis has cost the US government surpasses the $3.6 Trillion (adjusted for inflation) that World War…

• Jul 05 2010

  Rental Defaulters – Landlords Knocking!

  Recent High Court decisions brought good news for landlords and body corporates.  The decisions held that defaulting sectional title owners and tenants of leased property cannot hide behind the debtor protection provisions of the National Credit Act. In summary, the NCA debt counselling process, with its inherent delays and risks for the creditor, does not…

• Feb 13 2008

  Home Loan Debt

  Do you consider your mortgage a bad debt, or a good debt? When the bank advances you money that is not yours to buy a property, one would consider the debt to be good debt. The property is after all an asset escalating in value, and in essence has not cost you any money. How…