- Feb 6, 2011
In-arrears homeowners who ignore banks 'face legal proceedings': Elderfield
Financial regulator Matthew Elderfield has warned that customers who do not cooperate with their banks could also be ruling themselves out of benefitting from new personal insolvency rules.
In-arrears homeowners who ignore banks 'face legal proceedings': Elderfield | Irish ExaminerMr Elderfield said repossessions would "inevitably rise".
The problem is clearly escalating & looks like Matty's not taking it from any "Strategic Defaulters".
Dave "The Rave" Hall's recent black eye in Court re the Pro No's hasn't increased his followers confidence in him.
Perhaps Dave can redeem himself with an Appeal victory.
However as those holding out for a deal hope, the Debt Pile is mounting! :shock2:
The Frontline Alliance are now upping the Ante re Industrial Action.
Peter Matthews' claim in December that the Banks need another €60 Billion has gone unrebutted by Enda.
The EZ crisis is bubbling away but the Bond Markets are calm.
Could Ireland's Mortgage Mayhem overspill into Europe with a Bank recap?
Will the Downgraded ESM rescue us or would they claim its part of the same initial Bailout we've subscribed to?
Making things worse Ireland is due to pay a Bond for €5.11 Billion in April & another Banger for over €7 B in Jan.
Can Noonan put a lid on the Mortgage Time Bomb, Pay the Bonds, nail down the Pro No Deal & Get us outta the Bailout?
Or will Greece, Spain, Italy or Portugal kick off Debtageddon? :shock2:
Here's hopin for Noono prevailing over Berlo but either way its a bit of a sweat - isn't it???