Yes I and others borrowed recklessly, but for that to happen, banks had to lend recklessly. Borrowers acknowledge this but banks, government, courts, ECB to not acknowledge this reality.
Dont think you quite got my drift here. I meant I wasn't being glib(not you).
You seem to insinuate in opening post that the rape of children was a lesser evil than a bank manager lending €1m to someone on a €30k salary
Lets say there was a reset option, you hand back all the property etc that you acquired and you can walk a way debt free. Would you accept such on offer, a simple yes or no?
It is harder now to get a business loan/mortgage today than it was in 2009.
Property assets have crashed by 50% to 80%, yet there has been no meaningful solutions proposed by banks and government.
Bankruptcy IS the solution. Why is any other solution necessary?
As to opting for the more liberal UK regime - that's your right as a citizen of the EU. It doesn't mean that Ireland is obliged to bring in a similar one, or that it would be in our interest to do so.
Bankruptcy IS the solution. Why is any other solution necessary?
As to opting for the more liberal UK regime - that's your right as a citizen of the EU. It doesn't mean that Ireland is obliged to bring in a similar one, or that it would be in our interest to do so.
I have finally started dealing with a bankruptsy practice in the UK. .
become productive members of society again
What exactly do you mean by that???
When you get over making that initial telephone call it feels like a weight has been lifted off your shoulders. I am a grown man but I sat for hours and cried my eyes out, I am embarrassed to say!
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