Tag Archives: Personal insolvency

Bankruptcy in Ireland still not ready!

The new personal insolvency arrangements will not be available for the people who need them most. The fallback solution of the 3 year bankruptcy is also not available because it hasn’t been made law yet! Continue reading

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Homeowners looking to write off mortgage debt

Homeowners struggling with their mortgage debts may be able to get substantial amounts written off. Of course there will be a price to pay – The banks will insist that customers cut back on “luxuries”. Foreign holidays and Sky Sports may not be too much of a sacrifice, but expect major objections to having to take children out of private schools and to have to do without private health insurance. Charle Weston’s Irish Independent article of 21/03/13 ia a great read. Continue reading

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Personal Insolvency in Ireland 2013

The Personal Insolvency legislation is in place but the practical facilities are not quite ready. It will be at least Qtr 2 2013 before applications can be processed by the Insolvency Service of Ireland. Talk to your creditors in the meantime and have 6 months working with the MARP process in the case of mortgage debt. Continue reading

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