Does the recent ruling in O'Donnell regarding Gorse Hill mean that repossessions will be streamlined?
I presume if the bank and bankrupt reach an agreement then this will have no effect. However, I wonder what will happen in cases where the OA washes his hands of the property and leaves the bank to pursue possession.
Costello J said that, as the interest in the property vested in the OA, the O'Donnells had no right to defend actions against it....
Home repossession for Bankrupts
I presume if the bank and bankrupt reach an agreement then this will have no effect. However, I wonder what will happen in cases where the OA washes his hands of the property and leaves the bank to pursue possession.
Costello J said that, as the interest in the property vested in the OA, the O'Donnells had no right to defend actions against it....
Home repossession for Bankrupts