Only time will tell... It is my opinion that there are probably a couple of grounds on which a bank could seek to have a UK bankruptcy over turned on the basis that it was a sham and intended purely to avoid their Irish creditors, it really comes down to whether or not the bank is willing to invest time and money on it. In most cases it is not worth the effort, but in this case it might just be worth the effort....
Only time will tell...
The report on the 9pm news had a bankruptcy expert on it. He clearly said he'd be very surprised if AIB did'nt go after his future earnings.
So my reading of it is that they will seek an attachment order
I don't know who the "bankruptcy" expert was, but unless they already have an income payments order, or agreement in place it's too late.
Bloody experts get everywhere, and half of them know nowt.
Steve Thatcher
www.stevethatcher.ie
http://www.rte.ie/player/ie/show/10195007/
He's on here...2nd half of the news. I'd be surprised if rte had someone on as the expert in the piece who did'nt know what he was saying
I don't think Ivan Yates has done himself any favours by telling all of us in his interview of how lonely he was in the UK. He drank too much, he sat alone in the pub sometimes all day and nobody even spoke to him.
The whole point of his being there at all was that it was HIS MAIN CENTRE OF INTEREST so where were those interests, no family, no friends, no busines, no hobbies.
Having said that I'm glad he's back and hopefully can get on with his life and rise again
http://www.rte.ie/player/ie/show/10195007/
He's on here...2nd half of the news. I'd be surprised if rte had someone on as the expert in the piece who did'nt know what he was saying
I can't understand how you can go to England, become bankrupt --- as in you're broke, come back to Ireland into a job that's kept for you and keep a pension!!!!!!!!!!!!! I just don't get it at all. Seems to me we should all do it.
It starts at 13. 23
He looks a lot older.
David Murphy: "AIB said that they had tried to resolve issues with Mr Yates in good faith. Experts say Aib can still seek some of the former minister's future earnings."
Tom Murray of Friel Stafford: " AIB can still seek some of his income. As a former minister and as a radio presenter, he has an income so I would be surprised if Mr Yates was not subject to an income payments order"
So Tom Murray, who is an expert, is absolutely correct.
No, at the risk of repeating myself, "they can't still seek some of his income, unless there is an income payments order in place at the time he was discharged from bankruptcy.
Steve Thatcher
www.stevethatcher.ie
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?