Mortgage News

Supreme Court will hear GE appeal over Blue Chip ruling

Thursday 5th of August 2010

The court will let GE, and Bruce and Dorothy Bartle address their written submissions, though they will not be able to extend arguments to relief if the appeal is dismissed.

In May, the Court of Appeal ruled the Bartles $630,000 loan from GE, which was taken out to buy a Blue Chip investment property, was oppressive under the act.

The pensioners' loan was secured on their family h...

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