{"id":10003,"date":"2011-01-26T15:03:46","date_gmt":"2011-01-26T15:03:46","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=10003"},"modified":"2019-06-27T15:15:33","modified_gmt":"2019-06-27T14:15:33","slug":"irish-judgement-mortgage","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/irish-judgement-mortgage\/","title":{"rendered":"Irish Judgement Mortgage"},"content":{"rendered":"\n<p>A creditor may seek a judgment against a debtor in an Irish court for  non-payment of a debt when such payment is overdue. Where such a  judgment is awarded, interest is automatically applied at the statutory  rate of 8%.\u00a0<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>There are a number of avenues available to the creditor to have the  judgment enforced. The usual first step is to register the judgment in  the Judgments section of the Irish High Court. Anyone who subsequently  carries out a Judgment Search in respect of the debtor will become aware  of the judgment and such judgments are also published in trade gazettes  such as Stubbs Gazette. There are other regular publications which may  carry judgments and which are available to bank managers, credit  controllers and finance houses. A purchaser of property will normally  carry out a search and if any judgments are outstanding against the  seller, the purchaser will insist on the judgment being satisfied before  parting with the purchase money.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/06\/Fotolia_79561852_M-1024x682.jpg\" alt=\"Irish Judgement Mortgage\" class=\"wp-image-10012\" srcset=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/06\/Fotolia_79561852_M-1024x682.jpg 1024w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/06\/Fotolia_79561852_M-300x200.jpg 300w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/06\/Fotolia_79561852_M-768x512.jpg 768w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/06\/Fotolia_79561852_M.jpg 1688w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Where the debtor owns property, the creditor can swear an affidavit \ndetailing the judgment and lodge this document in the Land Registry or \nin the Register of Deeds. If the property is being sold, the purchaser \nmust do a search and the debt will have to be cleared from the proceeds \nof sale of the property. The creditor can also force the sale of the \nproperty by obtaining an Order for Sale from the Court and following the\n sale of the property, the debt, interest and costs are discharged from \nthe proceeds of sale.<\/p>\n\n\n\n<p>Other means of enforcing the judgment which may be open to the \ncreditor include: lodging the judgment with the Sheriff, who may seize \ngoods in discharge of the debt; obtaining a Garnishee Order from the \nCourt against third parties who owe money to the debtor, thereby \nordering them to pay the monies directly to the creditor rather than to \nthe debtor; taking out a Mareva Injunction against the debtor, thereby \nfreezing the debtor\u2019s assets and preventing him or her from removing \nsuch assets from the jurisdiction or otherwise disposing of them so as \nto avoid discharging the Judgment debt; obtaining an Instalment Order \nfrom the Court, compelling the debtor to pay the Judgment debt on an \ninstalment basis if he or she cannot pay it in one lump sum; applying to\n the court to have the debtor declared a bankrupt.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A creditor may seek a judgment against a debtor in an Irish court for non-payment of a debt when such payment is overdue. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-10003","post","type-post","status-publish","format-standard","hentry","category-general-debt-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/10003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/comments?post=10003"}],"version-history":[{"count":1,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/10003\/revisions"}],"predecessor-version":[{"id":10013,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/10003\/revisions\/10013"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=10003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=10003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=10003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}