Wednesday 26 April 2017

Rulings can 'trigger' more creditors' claims

Dearbhail McDonald

Dearbhail McDonald

THERE are significant consequences which can arise from a judgment that is registered in the central office of the High Court.

A court-ordered judgment is published in 'Stubbs Gazette', the debt-monitoring journal, leading to widespread publicity of a registered debt.

This will automatically affect a debtor's credit rating and may "trigger" further claims by creditors.

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