CuriousCork
Registered User
- Messages
- 60
No, they didn't. They never went bankrupt and have been told that they do not have to pay the old creditors as they are statute barred.Do I take it they never paid back the old debt?
That's an interesting phrase "been told that they do not have to pay the old creditors as they are status barred"No, they didn't. They never went bankrupt and have been told that they do not have to pay the old creditors as they are statute barred.
Thanks Brendan for the link to Finance Ireland.
they do not have to pay the old creditors as they are statute barred.
Ok, personally I can see why they're finding it difficult to get a loan now. Can you?No, they didn't. They never went bankrupt and have been told that they do not have to pay the old creditors as they are statute barred.
Thanks Brendan for the link to Finance Ireland.
The debt may be statute barred, but does that mean it disappears from their credit record? I hope not.
who are now doing very well financially.
they do not have to pay the old creditors as they are statute barred.
They have multiple creditors amounting to over €300,000. They are doing well enough now to pay a new mortgage, but not doing well enough to pay off old debts.If they are doing well financially, why do they not pay their debts?
If a debt is statute barred, it just means that a creditor may not issue proceedings in respect of it.
300k is a LOT of debt.
Not if you don't pay it.300k is a LOT of debt.
Gordon/ Brendan would the rates be much higher or at a premium compared too normal rates ??Finance Ireland would seem like the best bet.
They should talk to a broker who’ll put forward their case in the correct light.
Deadbeats always elicit a mixed response here due to the moral aspect.
I’m inclined to believe that people deserve a second chance, albeit at a premium a la the Finance Ireland special product for people with an impaired credit rating.
Gordon/ Brendan would the rates be much higher or at a premium compared too normal rates ??
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