What was that about in strokestown?

water-man

No sympathy for the farmer here after reading that article. Yes it terrible to lose the family farm but piling up debts and not engaging to get a repayment plan I'm sorry but you can't blame anyone else.

You have to remember that getting your home repossessed in Ireland is extremely hard for a bank to do. You have to be really not engaging for an extended period of time for a judge to give the order.

GrasstoMilk

jaymla627 wrote: »

Similar carry-on here, but the new owner put up a mass concrete wall at the entrance after previous owner cut his barley off it and planted it with osr that night, you wouldn’t mind but the particular family in question left north of a million owing to various creditors when they went bust and still go around with necks on them like a jockeys b****k

They haven't met these lads so. They got a loading shovel and made a new entrance after the rest were closed up
They get 4 or 5 sowers and sow 70 acres in a few hours and then get 4 or 5 combines and cut it all in a few hours.
Security on this land all the time and they still manage to get it done

GrasstoMilk

water-man wrote: »

No sympathy for the farmer here after reading that article. Yes it terrible to lose the family farm but piling up debts and not engaging to get a repayment plan I'm sorry but you can't blame anyone else.

You have to remember that getting your home repossessed in Ireland is extremely hard for a bank to do. You have to be really not engaging for an extended period of time for a judge to give the order.

It's it a bank though. It's a vulture fund. They seem to be completely unregulated and do what they like

GrasstoMilk

GrasstoMilk wrote: »

It's it a bank though. It's a vulture fund. They seem to be completely unregulated and do what they like

How so?

Wanderer78

_Brian wrote:

I’ve said before even though it’s unpopular. Farms cane be exempt from repossession for had debts. We all borrow money and we all understand that if you don’t pay the security needs to be taken to cover the debt. It’s the way a functioning finance system works.

'Behind every bad borrower, is a bad lender'!

gctest50

GrasstoMilk wrote: »

It's it a bank though. It's a vulture fund. They seem to be completely unregulated and do what they like

It was under-declaration of VAT



Co. Roscommon farmer <snip> is the farmer with the largest figure on the tax defaulters list.

In 2015, Revenue secured a settlement totalling €429,501 against the evicted man as a tax defaulter for the under declaration of VAT. It included €177,000 in tax owed, almost €75,000 in interest, and more than €177,000 in penalties.


Before that, in 2008 the quarry had to get a judgement against them for €18,000

Mad_maxx

Had former loyalists not been involved, this story would have generated a completely different reaction, the rogue borrowers could not have hoped for better PR as everyone has a negative view of the heavies employed.

The bank has sh1t for brains.

Mad_maxx

GrasstoMilk wrote: »

It's it a bank though. It's a vulture fund. They seem to be completely unregulated and do what they like

Not true, if you continue paying your mortgage, you have nothing to worry about.

yewtree

Its a terrible circumstances for the family and the videos look horrendous of the eviction.
but when any of us sign loans and give land as security this is the consequence of failure to meet repayments. Repossession wont occur after a few missed repayments either its years of failing to pay before this happens. at some stage people have to take personal responsibility for their own decisions.

jaymla627

GrasstoMilk wrote: »

They haven't met these lads so. They got a loading shovel and made a new entrance after the rest were closed up
They get 4 or 5 sowers and sow 70 acres in a few hours and then get 4 or 5 combines and cut it all in a few hours.
Security on this land all the time and they still manage to get it done

A few lumps of angle iron/chains/drive shafts of cars scattered throughout the crops wouldn’t be longing softening the aboves cough to be fair

Wanderer78

Mad_maxx wrote:

The bank has sh1t for brains.

Banks employ some damn intelligent people, making easy money

gctest50

KBC were also the last of the banks to be hauled in and told to reduce Non Performing Loans to the EU average



European regulatory authorities have focused in the past 18 months on pressing domestic Irish banks to come up with detailed plans to cut their NPL ratios to the 5 per cent EU average, prompting Permanent TSB and AIB to engage in loan sales.

However, regulatory attention is now turning to overseas-owned Irish banks with high levels of problem loans.

- https://www.irishtimes.com/business/commercial-property/kbc-ireland-assesses-options-to-materially-reduce-bad-loans-1.3558196

bogman_bass

jaymla627 wrote: »

A few lumps of angle iron/chains/drive shafts of cars scattered throughout the crops wouldn’t be longing softening the aboves cough to be fair

Or a lock of cattle in to graze the barley

gctest50

Or just test some Genetically Modified crops there

And inform all the grain processors the crop is not fit for animal or human consumption

jaymla627

bogman_bass wrote: »

Or a lock of cattle in to graze the barley

A few friendly travelers and horses would be the real job, if the boys start messing with the horses they wouldn’t be long getting taken care off, plenty of ways to skin a cat haha

gctest50

Go for a stroll in the fields with a Tyvek suit n gloves & no-one will go near it





adopt a slightly wonky dog as a pet for maximum effect :




"He, amm fell. Yes fell off the wall"

.

GrasstoMilk

[Deleted User] wrote: »

How so?

Disedent loyalists employed to do the eviction. If it was a proper bank or money lender they would have been the last people employed

wrangler

Mad_maxx wrote: »

Not true, if you continue paying your mortgage, you have nothing to worry about.

True, I got into trouble in the 80s, I found them tough but fair, They did deals then, but still it wasn't easy.
Debt would double very quickly at up to 18% interest

twin_beacon

whats the background to this story, as in why was the house being repossessed?

Effects

twin_beacon wrote: »

whats the background to this story, as in why was the house being repossessed?

Read the thread. Owed close to half a million to Revenue due to under declaration of VAT.

Neddyusa

Caranica wrote: »

A lot more information on the financial situation that led to the eviction in this article

https://www.independent.ie/irish-news/garda-investigate-dissident-links-to-predawn-attack-at-repossessed-house-37632029.html

Thanks for that.
Gives a totally different perspective to the story hearing those background details and hard to have as much sympathy for the farmer.
I still don't agree with the methods used by the bank though. I'd like to hear why the family home couldn't have been treated separately to the land.

In the bigger picture I agree that you should always pay your debts. But unfortunately, the banks lost all moral authority on that when the ECB decided in 2008 that every tax payer and our children would have to pay the banks debts for them when they went bust.

Odelay

GrasstoMilk wrote: »

It's it a bank though. It's a vulture fund. They seem to be completely unregulated and do what they like

They are regulated the same as a bank, only difference is they have the balls to do it.

Wanderer78

Odelay wrote: »

They are regulated the same as a bank, only difference is they have the balls to do it.

so theyre not really regulated very well at all

Odelay

Wanderer78 wrote: »

so theyre not really regulated very well at all

Sigh....

Wanderer78

Odelay wrote: »

Sigh....

need a cuddle?

loveall

So, have I got this right then?

A guy in his forties chances his arm or farm by under declaring his tax. He gets a free 10 year ride.

Up to him if he walks out or gets lifted out.

He must already have some local opposition if he didn't pay his bills to either the pub or the quarry. Does that make the reported 70 or 20 men who came to his aid locals?

**** storm created to cover his arse after already getting us to pay for his day in the high court.

A painful re-opening of history for the locals. He gets no sympathy from here.

twin_beacon

Effects wrote: »

Read the thread. Owed close to half a million to Revenue due to under declaration of VAT.

seen the link alright. I've no sympathy for him at all.

_Brian

There’s a load of anti establishment nut jobs all over this on social media.

To me it’s an embarrassment to be fighting this mans corner.

I think of all the decent farmers with their back to the wall renegotiating overdrafts to try and cover their arse to keep the show on the road and bills paid.
Situations like this where blatant revenue fraud and racking up bills with local suppliers leads to eviction should never be heard of never mind supported.

walshb

And again people looking to blame everyone else for their own situations and own issues.....the world is foooked....

Really goes to show how thin the line is between order and chaos/anarchy

These issues/attacks need to be dealt with extremely seriously in the courts.....

A strong message, for the good of society needs to be sent out that you cannot become some sort of mercenary/thug just because you may feel aggrieved.

Mad_maxx

_Brian wrote: »

There’s a load of anti establishment nut jobs all over this on social media.

To me it’s an embarrassment to be fighting this mans corner.

I think of all the decent farmers with their back to the wall renegotiating overdrafts to try and cover their arse to keep the show on the road and bills paid.
Situations like this where blatant revenue fraud and racking up bills with local suppliers leads to eviction should never be heard of never mind supported.

Many of the Facebook etc mob who are harking back to Michael davitt etc would nationalise every acre of land in the country in the morning.