I set out below relevant quotes from a recent Court of Appeal judgment which explains the rationale as to why creditors may be unable to enforce judgments more than 6 years old. I set out below a link to the judgment:
https://www.courts.ie/acc/alfresco/3877503d-3aac-4f57-9a2b-47c5ba723db9/2022_IECA_283.pdf/pdf#view=fitH
"No reason at all was provided for the failure by Ulster Bank to take any steps to enforce the Judgment in the first six years after judgment was granted, and in the period thereafter up to the date of execution of the global deed of transfer, such as to satisfy the test in Smyth v Tunney."
"As already discussed above, it is settled since Smyth v. Tunney that reasons must be given to the court, on an application under O.42, r.24 as to why judgment was not executed. The reason or reasons do not have to be especially strong, but some reason is required. While Smyth v Tunney may not have made it absolutely clear, the reasons must, at least in a general way, explain the lapse in time in taking steps to execute judgment, commencing from the date of the judgment."
The Smyth v. Tunney decision is making it very difficult for creditors to enforce old judgements.
If you sell the property before 12years have passed since the judgement was obtained then the JM must be paid.
Are you sure that AIB have not since sold the debt to a vulture fund?
Jim Stafford