If you have an unpaid judgement mortgage ('JM') on your family home that pre-dates 1 January 2015 then, depending on your financial circumstances, you may be able to use that JM to prove eligibility for Section 115A of the Personal Insolvency Act 2012, and thereby achieve a significant write off of your debts.
Section 115A is one of the most complex insolvency provisions ever written: It runs to more than 4 pages. A critical sub-section is 18, which provides:
(18) In this section—...
One way of dealing with a Judgment Mortage on a family home
Section 115A is one of the most complex insolvency provisions ever written: It runs to more than 4 pages. A critical sub-section is 18, which provides:
(18) In this section—...
One way of dealing with a Judgment Mortage on a family home