Brothers with €1m debt lose home as judge compares situation to ‘paying just two months’ rent over 10 years’ - News Summed Up

Brothers with €1m debt lose home as judge compares situation to ‘paying just two months’ rent over 10 years’


Two brothers, one of whom tragically since became blind, were left with a joint mortgage debt that had spiralled to almost €1m. Judge Jacqueline Linnane, granted so-called vulture fund Promontoria (Oyster) Dac a possession order against the brothers David and Mark Darcy in the circuit civil court. The judge told barrister Eoghan Keane, counsel for Promontoria, that she would award legal costs against both brothers. Roisin Burnside, counsel for the brothers, said Mark had in recent years become blind and was now living with his parents. When Judge Linnane granted the possession order Ms Burnside said her client was in penury and asked the court not to make a punitive costs order against him.


Source: Irish Independent November 19, 2019 16:36 UTC



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