Liamod.
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1. You have verbal from Bank to accept 100.
2. Your means at present are so low , 100 is too much.
Write to Boi ,and their legal firm(keep copy) outline that you have
A. Agreement on 100.
B. Understood that 100 is acceptable.
C. You wish to repay all due from your present poor circumstances.
D. You understood all legal type threats/action would not commence.
E. Request that they not proceed with a judgment.
Request in writing their withdrawal of legal action.
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Comment;
From what you post BOI are being a little (bolshie)?
If they do post judgment against you ,review your circumstances since 100 mth whilst on dole is too hard and they should factor that in.
A judgment won,t help in setting up a new business but is NOT that bad.(you are not the first to have judgment) it should only effect you if you need credit lines ,and for everyone credit lines are hard to get in any event.
Make your own business plans.
Should that mean reducing the 100 , then reduce and get on your feet.
It would take BOI more time/hassle in getting you sorted and by then I hope business works.
Do not worry about Irish Credit Bureau(ICB)etc since your credit rating with Banks is shot for now.
If your business works , everyone gets sorted, if not then BOI will not get the money!
Bad things happen , all you can do is keep trying.
Good luck.