Cork couple bring 'truly astonishing' case of being pursued over debt they were told was repaid

The case is against debt firm Pepper Finance Corporation (Ireland) DAC and receiver Colin Gaynor over their attempt to sell 9.2 acres of the farmland in Cork

The court heard that in March of this year, Pepper issued an 'incoherent' seven-day demand for payment of €15,840 'arrears' and €11,854 'interest'. File photo: iStock

A couple from Cork allege a debt purchaser is attempting to sell part of their farmland in Cork on foot of IR£61,000 loans the Irish Bank Resolution Corporation (IBRC) told them were paid off in full 12 years ago.

High Court judge Ms Justice Siobhán Stack said this will be a “truly astonishing” case if the 2012 letter saying the debt was serviced and the IBRC no longer holds any interest in the folio proves to be correct.