AIB seeks €4m judgment for loans, guarantees

AIB is seeking summary judgment against a couple and their two daughters for amounts totalling just over €4m arising out of loans and guarantees to buy property and to fund overdrafts.

Judgment is sought against Joseph and Ann McGouran, Hillcourt Park, Glenageary, Co Dublin, and their daughters Ann, of the same address, and Bronwyn, who lives at Tubbermore Rd, Dalkey.

Mr Justice Brian McGovern admitted the case to the Commercial Court list on consent between the parties. A hearing of the summary judgment application will take place in early October.

Cathal Hardiman, a manager with AIB and AIB Mortgage Bank, said in an affidavit the total owed by the daughters, as of April, is €2.21m. The parents are liable for €1.88m of that under guarantees they provided.

Mr Hardiman said the case arose out of a number of loans and guarantees entered into between 2001 and 2013, including for the purchase of a property at Serpentine Avenue, Ballsbridge.

Despite considerable efforts between the bank and the defendants to help them address their various debts, and despite significant pre-legal action negotiations with their financial adviser for over a year, it has not resulted in any settlement between them, said Mr Hardiman.