Tuesday, 15 October 2013
A COUPLE claiming they cannot hope to meet their mortgage payments and give their child an education are taking on their bank in the High Court. Roy and Patrice Keating, from Macroom in Co Cork, have filed a plenary summons against Bank of Ireland in a "representative case" taken on behalf of the 1,000 members of the Debt Options group. The organisation representing 1,000 distressed borrowers is seeking damages of €1m from the banks as part of a class-action suit. Debt Options Ireland said the test case lodged with the High Court would prove that banks broke contracts, breached regulations and were involved in misrepresentation.