News | Politics
29 Mar 2024 6:38
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • 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
     29 Mar: Another pay offer is on the table for Police - after union members labelled the last one insulting
     28 Mar: The Secondary Principals Association believes the community should get behind schools and students to help reduce bad behaviour
     28 Mar: Victorian Premier Jacinta Allan says government will roll out tobacco shop licensing by end of year
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Tax havens and worker exploitation: Baltimore bridge disaster gives glimpse into 'murky world' of shipping
     28 Mar: Cabinet has halted work on plans to make the Kermadec Ocean area, a sanctuary
     28 Mar: Fiji PM orders Chinese police out of country, saying no need for them in Pacific police force
     Top Stories

    RUGBY RUGBY
    The Crusaders' struggles to start Super Rugby have drawn concern from Chiefs coach Clayton McMillan More...


    BUSINESS BUSINESS
    Another pay offer is on the table for Police - after union members labelled the last one insulting More...



     Today's News

    Law and Order:
    Police enquires are continuing in Auckland's Brown's Bay this morning after a person died after an incident at a sushi restaurant 6:27

    Entertainment:
    Paris Hilton created a "Barbie doll perfect life" persona as a "trauma response" to the alleged abuse she suffered at school 6:23

    Business:
    Another pay offer is on the table for Police - after union members labelled the last one insulting 5:17

    Entertainment:
    Lily Allen was introduced to Mila Kunis and Ashton Kutcher as Rita Ora - and was too mortified to disclose who she really was 21:53

    Entertainment:
    Mel B's fiance visited her father's grave to "ask permission" to propose to her 21:23

    Accident and Emergency:
    State Highway 6 is blocked by a serious crash, South of Lake Paringa in the South Island's Tasman region 21:17

    Accident and Emergency:
    State Highway One is has now reopened between Kaikoura and Riverlands - after a two-vehicle collision at Kekerengu, north of Kaikoura, this morning 21:17

    International:
    Shopper swallowed as shopping mall floor collapses in eastern China 21:07

    Entertainment:
    Kris Jenner won't spend quality one-on-one time with her grandchildren because it would cost her too much time and money 20:53

    Entertainment:
    Halle Berry's perimenopause symptoms were mistaken for herpes 20:23


     News Search






    Power Search


    © 2024 New Zealand City Ltd