Wednesday 17 January 2018

Couple say lender took case to put pressure on others

Siobhan Creaton

TWO days before Christmas last year, Bank of Ireland delivered legal papers to Brian and Mary Pat O'Donnell's Killiney home seeking the repayment of their €71.5m debt.

In correspondence sent to Central Bank Governor Patrick Honohan and Financial Regulator Matthew Elderfield the O'Donnells say this was done to place "maximum pressure" on them and put them in an impossible position to defend themselves.

In the letter they outline their difficulties in finding legal representation. They say 16 law firms in Dublin turned them down and they encountered a "marked resistance" amongst barristers to represent them. This was due to conflicts of interest, they say.

They believe the bank has taken a case against them to put pressure on other professionals who owe it money.

Irish Independent

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