On advice from New Beginning, whose founder Ross Maguire is advising the couple, Ross and Pamela have vowed to stay in their €900,000 home, insisting they intend to fight back against the vulture fund seeking to repossess it.
Mr Ryan recently obtained a protective certificate under personal insolvency legislation which means they can not be interfered with by anyone for 70 days."..
"Meanwhile Ross Maguire, adviser to Mr Ryan, said any anger levelled at the couple has been misdirected.
"I understand people being angry when it looks as though people are deliberately not paying their mortgage. I think that creates a justifiable anger," he said.
"But when you look at the actual situation - and this would apply in many cases where the person believes 'I am goosed, I am going to lose this house' - if that is the case, if you believe you have lost your house then, leave out the morality of it, it doesn't make any commercial sense to make payments because you are losing the house anyway.
"So in the case of Ronan and Pamela - where the bank or the funds say 'listen, give us back the house and we will write off the debt', then it doesn't make any sense to make payments because why would you make payments against a debt that has been effectively written off? You might as well take your cash and throw it into the river Liffey. It's gone. You'd be wasting it."