Thursday 14 December 2017

Debt write-down must happen for homeowners

Banks must take what they can get and not try to wait for what they want, writes Ronald Quinlan

THEIR clients live in places as far afield as Australia, across Europe and here in Ireland.

In some extreme cases, however, solicitor Anthony Joyce and his colleague Ken Burke don't know where their clients live at all, such is their fear of being tracked down by the banks who lent them hundreds of thousands of euro at the height of the boom to buy houses and apartments they really couldn't afford.

But while they may have gone, they haven't forgotten the unmanageable mortgages they have left behind. And that's where Messrs Joyce and Burke step in.

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