Credit union clear to chase €203k debt

A credit union has obtained a High Court order preventing an extension of a solicitor’s insolvency protection period from applying to it in its efforts to recover a €203,000 debt from him.

Clones Credit Union in Cavan objected to a 40-day extension of of a protection certificate for Fergal McManus, from Cavan Town.

A protection certificate affords comprehensive protection to a debtor from all action by a creditor and, during its currency, a creditor may not commence or continue judgment enforcement proceedings against the debtor.