Riches to rags: A family made homeless from a credit card debt Read m

goldpelican

goldpelican

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More of a wealth mismanagement story.

Aaron Szepesvary and Buket Ozdil were forcibly evicted from their suburban Melbourne home on Tuesday, the lock drilled, the door smashed open, over an unpaid $20,000 credit card debt.

Plus at least $132,000 in legal costs. The total debt is now almost $300,000.

When the matter started the pair could have paid off the $20,000 debt easily. They did not, and now have lost everything they own.

Read more: http://www.theage.com.au/national/r...-card-debt-20160226-gn4nc7.html#ixzz41ZT29JVx
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Lots of mis-steps along the way, but a shocking example of how everything can blow up in your face financially.
 
"Comfortable middle class couple", he runs a "thriving business" but his wife gets a carers allowance from the taxpayer? How?

This comfortably middle-class couple... Mr Szepesvary had been running what he says was a thriving audio-visual company while Ms Ozdil receives a disability carer allowance from the government.
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SilverPete said:
"Comfortable middle class couple", he runs a "thriving business" but his wife gets a carers allowance from the taxpayer? How?

This comfortably middle-class couple... Mr Szepesvary had been running what he says was a thriving audio-visual company while Ms Ozdil receives a disability carer allowance from the government.
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Yeah it's a joke. They weren't married so they would have just told centerlink they're just friends or housemates. And centerlink would have been like oh ok cool, nah that's fine
 
When the matter started the pair could have paid off the $20,000 debt easily.
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Mr Szepesvary, 40, and Ms Ozdil, 42, both took out credit cards about 2004. Mr Szepesvary had been running what he says was a thriving audio-visual company, while Ms Ozdil receives a disability carer allowance from the government.
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Mr Szepesvary's company ran into serious trouble about 2008 during the financial crisis people just stopped buying stereos (the company continues to trade)
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Mr Szepesvary cannot read or write. He thinks, and talks, with his hands.
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It sounds like we're not getting the full story here.
 
two things seem wrong;

(#1) Credit cards are unsecured debts, attempting to collect through forced bankruptcy does seem like a misuse of the courts and unfair practice by the collection agents. Surely they could have just placed lean on the house then taken it to court for a civil court order for repayment of debt.

(#2) How on earth do you spend $20K on your credit cards then expect if you just ignore countless letters and phone calls that no one will ever chase you up for it?
 
tozak said:
two things seem wrong;

(#1) Credit cards are unsecured debts, attempting to collect through forced bankruptcy does seem like a misuse of the courts and unfair practice by the collection agents. Surely they could have just placed lean on the house then taken it to court for a civil court order for repayment of debt.

(#2) How on earth do you spend $20K on your credit cards then expect if you just ignore countless letters and phone calls that no one will ever chase you up for it?
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And
The dumbass claims he can't read :lol:
While his into home audio , yeah right :rolleyes:
 
When the matter started the pair could have paid off the $20,000 debt easily. They did not, and now have lost everything they own.
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I don't need to read any more.
Anyone who has the means to pay off their credit card and does not is an idiot.
 
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