Say for example a person buys a house back circa 2008, couldn't reach mortgage repayments, became unemployed, and decided to emigrate for a new start effectively abandoning the house and debt. Bank subsequently sells house.
Is there a statute of limitations on how long a bank/debt collection agency can chase someone abroad for this debt?
We were having this conversation in work recently. Some lads were saying 6 years, someone else mentioned 12 years. There was other opinions on it too.
Is there a statute of limitations on how long a bank/debt collection agency can chase someone abroad for this debt?
We were having this conversation in work recently. Some lads were saying 6 years, someone else mentioned 12 years. There was other opinions on it too.