Podcast: Two Cents’ Worth

When Christchurch bookkeeper and business owner Lisa Cowe was declared bankrupt in 2017, it was over a $6,200 credit card debt owed to the BNZ.

Cowe joined 1862 others in bankruptcy that year, many of them voluntarily making the move to clear their debts and attempt to start anew, free of the debt that had been weighing them down.

In bankruptcy, your slate of unpayable debts is wiped clean. For many, it is final relief after years of financial stress.

For Lisa Cowe it was different. She fought bankruptcy all the way, angered by her treatment at the hands of the banks she owed money to and the debt collectors assigned to pursue her for payment. It was also a matter of pride.

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