Tag Archives: Personal insolvency

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

Posted in creditors, Good Financial Housekeeping, mortgage arrears, struggling | Tagged , , , , , , , , , , , , , , , | Comments Off on Homeowners looking to write off mortgage debt

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

Posted in creditors, Good Financial Housekeeping, struggling | Tagged , , | Comments Off on Personal Insolvency in Ireland 2013