shygye Posted October 27, 2008 Report Share Posted October 27, 2008 Link Banks and credit card companies are exploiting obscure legal powers to seize the homes of thousands of people who cannot pay their credit card bills. In some cases, people owing as little as £1,000 have been served with charging orders â?? the legal instrument enabling a creditor to order the sale of a property. The practice has emerged days after Yvette Cooper, chief secretary to the Treasury, called on banks to do more to allow people to keep their homes. According to the Ministry of Justice, 97,026 charging orders were granted by courts in England and Wales last year, a tenfold increase since 2000. Link to comment Share on other sites More sharing options...
cavanami Posted October 28, 2008 Report Share Posted October 28, 2008 The "Great Depression"...was GREAT for many of the rich folks! They bought up banks, companies, stocks, etc for pennies on the dollar...same-same years later! Link to comment Share on other sites More sharing options...
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