Consumer group urges changes to bankruptcy laws
Posted
The Federal Government is being urged to change bankruptcy laws that critics say could see people lose their homes.
The Consumer Action Law Centre wants the $2,000 threshold for making someone bankrupt increased to $10,000.
Centre spokesperson Gerard Brody says people bankrupted over a small debt are vulnerable to insolvency trustees racking up high fees.
"In one case we've got insolvency trustee fees of over $100,000, for a debt of around $10,000," he said.
"This means a person's home is as risk over really what is a small debt."
