Protection for homeowners unable to pay credit card debt

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Protection for homeowners unable to pay credit card debt

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02-07-2010, 11:44 AM

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Protection for homeowners unable to pay credit card debt

Property owners in danger of losing their homes as a result of consumer debt could soon be better protected.The Ministry of Justice has launched a consultation on proposed new measures that would set a minimum level of such debt before a court can order the sale of a home.Under the current system, a property owner [...]

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