Even though he probably took part in that Gonzaga debate
High Court Master Edmund Honohan.
He has a novel idea.
He thinks the pursuit of people to “the bitter end as part of an accountancy exercise to write-off debts for tax relief” is leading to “social disquiet” and driving some to suicide.
The banks, he says, come to court “assuming the banker always wins”
He believes legislation should be changed to “put a brake” on the spiralling number of judgments against those who cannot pay.
He asks: ‘Why should there be an incentive to cause untold harm socially when there is no money at the end of the road?’
He told RTE if evidence that any transactions were in reality a joint venture with the bank, the law would insist that both parties share the losses.
Mr Honohan shares the view that most of the debt cases arose due to circumstances beyond the control of the debtor because the economy had shut down as a result of the banking collapse.
This is getting interesting.
High Court Master Calls For Debt Forgiveness (RTE)