Tinkertailor
Registered User
- Messages
- 3
hi Guys first Post,hope i Dont make a mess of it or offend anyone.
I have a a large debt owed to a bank, they have a judgement against a property i own , which i am more than happy to sell and give them the proceeds, however it only covers about 10% of the debt.I have a personal Pension which a its current encashment value stands at about 50% of the debt but potentially realise well over 100% of the debt when it matures in 2036.My question is could i offer my pension as a settlement either as it stands now or as an agreement to dicharge my debt with the proceeds of the investment when it matures?
Footnote;
The pension is held by New Ireland whom i believe are a subsidiary of Bank Of Ireland - to whom i owe the debt.
Many thanks in advance to anyone with comments/ideas.
I have a a large debt owed to a bank, they have a judgement against a property i own , which i am more than happy to sell and give them the proceeds, however it only covers about 10% of the debt.I have a personal Pension which a its current encashment value stands at about 50% of the debt but potentially realise well over 100% of the debt when it matures in 2036.My question is could i offer my pension as a settlement either as it stands now or as an agreement to dicharge my debt with the proceeds of the investment when it matures?
Footnote;
The pension is held by New Ireland whom i believe are a subsidiary of Bank Of Ireland - to whom i owe the debt.
Many thanks in advance to anyone with comments/ideas.