Negative equity huge personal debt unable to make repayments

  • Thread starter outofmymind
  • Start date
Read the article I posted above. If the OP decides to move to the UK then he/she will not be able to return to live in Ireland for many a year because the banks here will pursue her for the amount owed. She and her partner owe well in excess of €300,000 and her earnings of €18000 can not and will not service that sort of debt. It works out at over 15 times the OP annual salary.

The figures just dont add up and you can't get blood from a stone. I wish the couple well.

My understanding is that Irish law applies to the Irish debts and UK law applies to the UK debts. If the OP is not in debt in the UK, then how can they apply for bankruptcy there?
 
Back
Top