Tag Archives: Personal insolvency
Homeowners looking to write off mortgage debt
FollowHomeowners 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
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