Lottery winner told to honour guarantee to Ulster Bank

The Galway Mayo Institute of Technology (GMIT) lecturer was required to pay back a total sum of €14,371 - which consisted of the debt of €13,507, €624 in costs and expenses, and interest on the lot, at a rate of 8 per cent per annum.


The creditors were seeking payments of €400 per month, but he said he could only afford €50.

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