breadandjam
Registered User
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- 28
Yet you state that you can afford to pay them back 50k plus interest over 7 years!!! You are considering bankruptcy which in my view is totally unnecessary. before taking any action against you in the UK they will need to get an Irish judgment. In my view a 25k offer would be very attractive and you should look more closely at this option before dismissing it. i.e. Borrow some from bank and look to friends relations if possible. I would also tend to stick to this lump sum and ignore any threats as 25k on an unsecured debt of 50k would be a good return for them. Find a good advisor who can put more time into your case than Steve Thatcher appears to have (no reflection on Steve but you need someone who will take full responsibility from you and give you the right advice & encouragement.)
Thanks 44brendan. Steve has been always 100% available and his advice has always been incisive and we'd never be where we are now without him, so I have to stick up for him, but in the end it is my problem and my decision.
So, 25k. We did offer them 10k. My parents could afford to offer us that and the bank rejected it. Because we've just moved to the UK 12 months ago, I don't have enough of a credit rating yet for my new UK bank to loan us money. I asked. I don't have anyone else who could afford to loan me 25k, unless you wouldn't mind ;-)