Meet Gordon Ramsay's worst nightmare

Gordon Ramsay tries his best with the rampant Amy of 'Amy's Baking Company' who believes the customer isn't always right. Vision courtesy: FOX

GORDON Ramsay has finally met his match.

Her name is Amy Bouzaglo, owner of Amy's Baking Company, in Scottsdale, Arizona.

Bouzaglo and her husband Samy's restaurant was the subject of the finale of Ramsay's cable TV show, Kitchen Nightmares, which screened in the US last weekend.

What happened  was beyond nuts and sent social media into meltdown as the couple swore at their staff, their customers and Ramsay threw up his hands in despair and refused to help them fix their problems.

Ramsay had turned up at the restaurant, which has  a notorious reputation, only to encounter two owners prone to behaviour and tantrums that put  the fiery Scotsman's in the shade.

As Amy herself says: "The customer isn't always right."

Amy Bouzaglo, of Amy's Baking Co, in full flight during the filming of Kitchen Nightmare. Picture: Fox TV

The day before the celebrity chef arrived at the restaurant for filming, in December last year,  there were massive issues.

Amy was the only cooking one ticket at a time. Diners were waiting more than hour for their meals. One eventually complained and then tried to leave without paying for drinks. Amy threatened to call the police and Samy tried to physically block them from exiting.

On the day of filming, it got even more fiery, according to one diner who spoke to the Phoenix New Times.

"You could hear Amy yelling in the kitchen and Samy was running all over the dining room. Other tables were complaining and people were leaving because they were waiting so long for their food. My partner and I had reservations for 6:45. By 9:30, we still hadn't received our pizza," the New Times quoted the unnamed diner as saying.

The customer eventually approached Samy  about his food's no-show, only to be told to "go f--- yourself."

Gordon Ramsay attempts to reason with Amy Bouzaglo, of Amy's Baking Co, during the filming of Kitchen Nightmare. Picture: Fox TV

And, according to the diner, it wasn't long before Amy came out to see what was happening and screamed expletives and demanded they leave. The police were then called.

Unsurprisingly, when the show aired at the weekend, the response was instantaneous.

Amy and Samy made the mistake of responding to online criticism. Reddit had a field day as online haters and the restaurant owners traded barbs.

In a surreal turn, the couple apparently took to their Facebook page to rant and rave at their critics.

But their defence quickly descended into numerous expletive-filled statuses, which only fed the fire when the posts spread online.

Each of the restaurant’s posts had received thousands of comments. Some claimed that the restaurant used photos of products not created by the bakery.

One post said (in capital letters): "I AM NOT STUPID ALL OF YOU ARE. YOU JUST DO NOT KNOW GOOD FOOD. IT IS NOT UNCOMMON TO RESELL THINGS WALMART DOES NOT MAKE THEIR ELECTRONICS OR TOYS SO LAY OFF!!!!"

By Tuesday, the comments had been deleted and the Bouzaglos were claiming their Facebook page had been hacked, reports America's ABC.

The FBI has apparently been called in.

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here

Steve and Iris's living 'nightmare'

The Karamihos family celebrate their victory, and their birthdays, last night. Source: Supplied

• Bank tried to evict elderly couple
• 'Nightmare of adversity and misfortune'
• But there's good news for them...
  

AN ELDERLY couple with little English and health concerns are celebrating after a judge released them from a million-dollar loan which should never have been approved in the first place.

Steve and Iris Karamihos, both nearly 80, were threatened with eviction from their Sydney home after they could no longer afford to pay back a $1.2 million, 25-year loan approved by Bendigo and Adelaide Bank in 2007.

In a scathing judgment, NSW Supreme Court Judge Michael Pembroke ruled the loan, which was to be invested into their suburban cafe business, was "unjust" under national credit laws.

"The loan was a bridge too far, at too late a stage of their fast-fading lives," Justice Pembroke said. "Its unsuitability was compounded by the bank's incompetence."

The judge ruled they only had a "feeble" ability to read and would not have been able to understand the loan's complex legal documents.

The Greek couple migrated to Australia at a young age, did not go to high school, and had worked "long and hard" conducting their cafe business for decades.

Justice Pembroke said the bank had relied on an optimistic and unverified valuation of the couple's business property, which the couple were going to use as their "exit strategy".

The judge blasted the conduct of Bendigo and Adelaide Bank.

The judge described what the family went through after taking out the loan as a "nightmare of adversity, misfortune and travail."

The couple had taken out several loans in the past, and the judge said the Karamihos' decision to take out a new loan had been "marked by naivete and simple-mindedness".

The ruling said the couple should be restored to their previous position before the Bendigo and Adelaide Bank loan.

A spokeswoman for Bendigo and Adelaide Bank said: "The Bank will consider its options in this matter."

The couple celebrated staying in their home - and their birthdays, which are days apart - at home last night.

"We were facing ruin, now we can stay in our home," Mr Karamihos said. "Why didn't the bank do this from the start?"

The court case was brought about by Geoff Shannon, who runs the consumer rights group Unhappy Banking.

Mr Shannon said the case was another example of a shameless grab for cash by a bank at the cost of honest, everyday Australians.

"There is more and more of this type of practice coming to light, as banks test the regulators and the courts, to see how far they can push these unethical and brazen grabs for cash."

Continue the conversation on Twitter @newcomauhq  @drpiotrowski

View the original article here