Ask the Money Doctor: John Lowe on family finance

Starting over: legacy debt and access to new credit.

Question: Four years ago, I borrowed from my local credit union, but my business failed within a year. The loan was subsequently written off, and I have spent the last three years setting up a new venture. Will that debt show up anywhere at this point, and will I have a problem?

*George, Galway*

**Answer:** I am afraid you do have a problem, George. In 1965 a special agreement was reached by the ...