Rough facts:
Married couple
Home worth: €300k
Mortgage: €200k including €70k arrears
No other creditors
Enough income to repay the interest in full and some of the capital.
Bank has said it is unsustainable and appeal against this decision refused.
Court proceedings have been running for a couple of years at this stage and will probably come to a head at the next hearing.
Is there any point in a PIA?
Brendan
Married couple
Home worth: €300k
Mortgage: €200k including €70k arrears
No other creditors
Enough income to repay the interest in full and some of the capital.
Bank has said it is unsustainable and appeal against this decision refused.
Court proceedings have been running for a couple of years at this stage and will probably come to a head at the next hearing.
Is there any point in a PIA?
Brendan