05 November 2015

A borrower sought a last minute stay of eviction.

The court refused because the basis was not a firm proposal made by the borrower that had been accepted by the bank but simply that further negotiations could result in the bank accepting an amount (yet to be identified) and agreeing to a stay. The court noted that there was no evidence that the borrower was in a position to pay any agreed amount to the bank and had already failed to pay an amount previously agreed.

Click here to read the full judgement

Bransgroves-3-2013 0017-edits 2Nicola Craven holds a Bachelor of Laws from the University of New England. Nicola was admitted as a solicitor in the New South Wales Supreme Court in May 2006.

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