BBC BLOGS - Magazine Monitor
« Previous | Main | Next »

Thursday's Quote of the Day

08:30 UK time, Thursday, 26 November 2009

"Hereby cancelled, voided, avoided, nullified, set aside and is of no further force and effect" - Just in case anyone missed that, a New York judge rips up an unfair $500,000 debt.

An ailing couple who fell into negative equity - "under water" in the US - went to court expecting to be evicted after interest and penalties on their mortgage took their debts to $500,000 (about £300,000). But as the bank had rejected their every attempt to settle the debt, the judge branded the bank "repulsive" and wiped their slate clean.
More details (Times)

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.