High Court judgment could aid distressed mortgage borrowers

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 appear, at...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post