independent

Saturday 19 April 2014

Bank will not purse €17,000 debt from Priory Hall widow

A BANK has dropped plans to pursue the bereaved partner of late Priory Hall resident Fiachra Daly for €17,0000 owed in relation to her mortgage.

Mother-of-two Stephanie Meehan had told how she received a letter from KBC Bank in the days after she openly spoke about her fiance taking his own life.

The bank had informed her the interest on the mortgage would continue to build until the life insurance policy on Mr Daly had been redeemed.

Arrears and interest on their mortgage meant Ms Meehan still owed them €16,803.78 after her partner’s insurance police had paid the balance.

However, KBC Bank has today issued a statement, saying in the specific circumstances of this tragic case it “acknowledges that any residual amount on this mortgage is irrecoverable”.

“Therefore KBC will not be pursuing Stephanie Meehan or the estate of the late Fiachra Daly for any residual balance due on the mortgage,” it said.

KBC confirmed it had informed her mortgage advisor Michael Dowling of their decision “in this specific case” this afternoon.

“KBC deeply regrets if the bank added further to the upset of Ms. Meehan and her family following the passing of Fiachra Daly,” it stated.

“With respect to other Priory Hall cases, KBC continues to make available a freeze on loan repayments to all customers.”

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