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Subscriber Only: The new way to deal with mortgage debt

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The new way to deal with mortgage debt

Theresa Lowe and Frank McNamara are seeking to have almost €3 million of their total debts of €3.7 million written off, including the bulk of Tanager’s €2.2 million debt. Photograph: Tom Honan

The judge was not happy. A “vulture fund” that had bought bad mortgages from banks questioned the legality around how a couple went about seeking a remedy to their severe financial problems.

 

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