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Skipping the country.......!

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  • 30-03-2008 7:06pm
    #1
    dibs101
    Registered Users Posts: 346 ✭✭


    looking for some legal advice for a friend of mine. This friend of mine moved here 3 years ago bought a house and is now considering going home. However he is over 30000 euro in negative equity in the house he bought. If he decided to leave the country go home to eastern europe to his home, in the EU, and stick the keys of his house in the post to the bank which he owes the money to would the bank come after him for such an amount?

    Any assets which he had in his homeland would the bank be able to come after or is it a case that for such a small amount of money, (in irish banking terms compared to Michael Lynn) that they would just write it off as a bad debt?

    Any thoughts greatly appreciated..........


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    #2
    mikemac
    Closed Accounts Posts: 19,986 ✭✭✭✭mikemac


    This is going to be a very common scenario in the next while

    From what little I know, Ireland has incredibly tough bankruptcy laws.
    If an Irish person did this, they could take your pension and get a court order to dock your salary.

    Your friend is from Eastern Europe so it's going to be a bit tougher. Maybe the bank will write it off, but he'll never, ever get a loan let alone a bank account in this country again.
    I don't know if they'd pursue it.

    Is he Polish? AIB has a big operation in Poland and could get him that way


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    #3
    dibs101
    Registered Users Posts: 346 ✭✭dibs101


    He is not polish. If he intended to return home for good and not come back except on holidays..... is he safe is the question?


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    #4
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    I'n not sure anyone would want to advise you on this. Tell him to contact his solicitor.


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    #5
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Honestly, I'm not sure why you would think this is allowed on here. Thread closed.


This discussion has been closed.
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