Author Archives: Paddy Byrne
Ireland’s Proposals for a Personal Debt Settlement Scheme
The Law Reform Commission (also known as LRC) in Ireland set up an expert group to make recommendations for reform of Irish law relating to personal debt. It has reported back strongly recommending setting up a Debt Settlement System which … Continue reading
Posted in Bankruptcy, Debt Settlement Arrangement, Irish Debt, Law Reform Commission, Personal Debt Management, Personal Insolvency
Tagged Debt Management Plans, debt payments, Debt Settlement Scheme, Debt Settlement Systems, Debt Solutions, Irish Debt, Irish government, Law Reform Commission, Personal Debt, personal insolvency
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The Contrast Between the UK and Ireland in dealing with Personal Debt Problems
The contrast between the UK and Ireland in dealing with personal debt problems is quite remarkable. The most startling contrast is perhaps the difference in the bankruptcy legislation. In the UK most bankruptcies are discharged within 1 year leaving the … Continue reading
Posted in Bankruptcy, Creditors, Debt Management Plans, Debt Relief Orders, Debt Solutions, Insolvency, Irish Debt, Personal Debt, Personal Debt Management, Personal Insolvency
Tagged bankruptcy, Debt Management Plans, Debt Solutions, Individual Voluntary Arrangement, Irish Debt, Irish government, Law Reform Commission, Personal Debt, Personal Debt Management, personal insolvency
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Dealing with your Debts
Here is a list of things that you should Do and Not Do if you are in Debt… Do the following apply to you? Are your debts increasing? Are you under pressure to keep up payments? Do you want to … Continue reading
Going Bankrupt in Northern Ireland
Judging by a recent list of bankruptcy petitions, it seems that in N.Ireland almost every occupation, trade & profession has been affected by the recession. Students, unemployed persons and those who are retired have not escaped either. The law requires … Continue reading
Who is to blame for my personal debt?
Wanting to blame somebody else for our own financial problems is an entirely predictable and human reaction, particularly in the current recession. There has been a huge growth in personal indebtedness in the last ten years, particularly mortgage debt and … Continue reading
Posted in IVAs, Personal Debt, Personal Debt Management
Tagged Debt Management Plans, debt payments, Individual Voluntary Arrangement, Irish Debt, Irish government, mabs, Personal Debt, Personal Debt Management, personal insolvency, Personal Insolvency Bill, personal insolvency legislation
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Different Perspectives on Debt Management Plans
From the Viewpoint of Creditors While creditors differ in how they view and treat Debt Management Plans, it is probably fair to say that creditors generally look on a Debt Management Plan (DMP) as the lesser of at least two … Continue reading
Posted in Bankruptcy, Creditors, Debt Management Plans, Debt Relief Orders, Debt Solutions, Insolvency, IVAs, Personal Insolvency, Solvency
Tagged bankruptcy, Debt Management Plans, debt payments, Debt Solutions, Insolvency, Personal Debt, Personal Debt Management, personal insolvency
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Moving to the UK to sort out your debts
The UK has historically had, at best, an ambivalent attitude to its partners in the European Union (EU). It would be fair to say that during and indeed since the Thatcher era no love was lost between the UK and … Continue reading
Posted in Debt Solutions, Personal Debt, Personal Debt Management, Personal Insolvency
Tagged comi, debt payments, Debt Solutions, European Union, Individual Voluntary Arrangement, Irish government, Personal Debt Management, personal insolvency, personal insolvency legislation, personal insolvency regime
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Harmonizing Personal Insolvency Debt Solutions in the European Union
Did you know that there are now twenty seven countries in the European Union (EU) all with their own personal insolvency legislation? The mind boggles at the volume, variety and complexities of laws and regulations which this must entail. The … Continue reading
Bankruptcy Tourism in Europe
Bankruptcy tourism in Europe is increasing as an unexpected consequence of the principle of the free movement of labour in the European Union (EU). Certain jurisdictions in the EU have much more favourable laws for dealing with the individual insolvency … Continue reading
Euro 50,000 Minimum Level of Debt for Bankruptcy in Ireland
If and when the new Irish government – widely expected to be a coalition of the Fine Gael and Labour parties – decides to reform the Bankruptcy Act 1988, one of the key matters to consider is what the appropriate … Continue reading
Posted in Bankruptcy, Irish Debt, Personal Debt, Personal Debt Management, Personal Insolvency
Tagged bankruptcy, Bankruptcy Act 1988, Debt Enforcement, Debt Enforcement report, debt payments, Irish Debt, Irish government, Law Reform Commission, Personal Debt, Personal Debt Management, personal insolvency
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