JUST SOME QUICK THOUGHTS.
It may well be they have issued a judgment against you on the strength of mortgaged property in Ireland.
Means that should Irish house be sold they get proceeds.
The Debt does not just disappear.
It may now be a good time to properly approach the Bank and see can you agree closure ie you sell it , give them the money and you both call it quits.
I see no profit in Bank chasing you in Uk etc, but depending on who they sell your debt too there is a slim chance your Uk home could come into play. .
Uncle Betty.
I started my comments as {some quick thoughts} on what was posted.
I would not wish to be seen to give 100% advice.
As you say poster can take proper legal advice.
You highlighted {there is a slim chance UK home could come into play} and ask on what basis I say this.
On other AAM posts on Debtors living outside of Ire , I would have formed the opinion that in most cases action is not taken to chase debt. I do understand that if there is a substantial sum or other reasons Banks will chase .
I could only respond to posters initial post .
I did advise and believe poster should try to resolve via Bank.
In particular I would ,(not knowing the full story )not like to presume to lead anyone down (pub advice) type road.
...........Just to let your readers know that financial institutions run computer programmes regarding debt, charges and judgments, so they reapply to the courts to keep the debt alive before they become barred by the statute of limitations, unless of course you have come to sum agreement with them, declared yourself bankrupt or availed of the insolvency services of Ireland.
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?