Wednesday, May 11, 2011

Debted to Death

In a sinister twist, the banking collapse that has left many people in Ireland unable to pay their bills (mortgages, loans, etc) has now caused many people to take their own lives as they are being hounded constantly for payment from those same banks.

While many of these debts have been written off by the banks, they still chase after and harass those responsible for paying on them. This has led to suicide on numerous occasions and now the Master of the High Court is speaking out about it.


Edmund Honohan has called for a changing of many laws that are currently is place, so as to protect the many people who feel socially and legally ostracized due to their ever increasing debt. Saying "a new level of debt forgiveness needs to be introduced," Honohan also thinks that legislation needs to be passed so that the effort of the banks isn't in chasing down people that can't pay, but instead in reforming a broken system that has caused this catastrophe in the first place.

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