News | Politics
24 Apr 2024 12:19
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
    •    News
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Politics

    Hundreds of expat Kiwis are declaring themselves bankrupt to escape crippling student loan debt

    Hundreds of expat Kiwis are declaring themselves bankrupt to escape crippling student loan debt


    A Herald investigation found New Zealanders here and overseas are struggling to repay money borrowed since 1992.

    Some New Zealanders living overseas owe as much as 400 thousand dollars, and fear being arrested at the border.

    Inland Revenue Segment Manager Geoff Wintle says the department has taken bankruptcy proceedings against borrowers living in New Zealand, Australia and Britain.

    The IRD has written off 827 loans from borrowers who went bankrupt last year.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     24 Apr: After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules
     24 Apr: The Children's Minister may find out today if she can be summoned to front the Waitangi Tribunal
     24 Apr: Farmers see RMA reform as common sense returning to the farm gate
     23 Apr: Sheep farmers are being urged to hang on
     23 Apr: The Prime Minister says a multi-million dollar cash boost for clean energy in Asia is money well spent
     23 Apr: Resident doctors are set to take to the streets, protesting a recent pay offer
     22 Apr: Painful living costs may be driving down concern about climate change
     Top Stories

    RUGBY RUGBY
    The Crusaders players are rallying around Rob Penney as the external pressure intensifies over his coaching future More...

    BUSINESS BUSINESS
    After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules More...


     Today's News

    		 Entertainment:
    Dame Julie Andrews "doubted" she would ever make it as a star 12:03

     Business:
    After a shock announcement in March, the Ministry for Disabled People has clarified its changes to spending rules 11:57

     Soccer:
    Arsenal's heaped pressure on chasers Liverpool and Manchester City with a 5-nil Premier League drubbing of Chelsea at the Emirates 11:47

     Entertainment:
    Candace Cameron Bure "can't wait" to become a grandmother 11:33

     Rugby:
    The Crusaders players are rallying around Rob Penney as the external pressure intensifies over his coaching future 11:27

     Health & Safety:
    An investigation's concluded a rat foot reportedly found in garlic bread - must have been introduced in the home 11:07

     Entertainment:
    Christina Hendricks has married George Bianchini 11:03

     Law and Order:
    Key moments from Donald Trump's 'hush money' trial as a 'tabloid king' testifies about burying stories 10:47

     General:
    Dame Lisa Carrington spearheads the New Zealand women's canoe sprint team for the Paris Olympics, as she bids to add to her six medals 10:47

     Entertainment:
    Mel B has teased another Spice Girls reunion 10:33

     News Search




    Power Search

    © 2024 New Zealand City Ltd