High Court judgment could aid distressed mortgage borrowers
Approving a personal insolvency arrangement last week in the face of objections from AIB, Mr Justice Denis McDonald found that distressed borrowers with a chequered payment record had to be assessed 'in the round'
A landmark High Court judgment that could help thousands of distressed mortgage debtors with poor payment histories is being welcomed by the Insolvency Service.
Approving a personal insolvency arrangement last week in the face of objections from AIB, Mr Justice Denis McDonald found that distressed borrowers with a chequered payment record had to be assessed “in the round”.
He said this applied “even in cases where the explanation provided by the debtor may...
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