- OPINION: Letting creditors raid KiwiSaver accounts threatens to end one of the more gentlemanly practices in banking.
When someone fails on their mortgage payments, their home can be sold.
It’s an awful experience for any human to go through.
Possibly only the death of a loved one, or dealing with Earthquake Commission and insurers after an earthquake, is more traumatic.
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The planned law would give banks the hammer to crack open the KiwiSaver accounts of debtors.
READ MORE VIA STUFF