Category Archives: Creditors
How a debt relief notice affects creditors
What is a Debt Relief Notice? A Debt Relief Notice is one of 3 new measures contained in The Personal Insolvency Bill 2012 which was passed into law in Ireland at the end of 2012 and which is intended to … Continue reading
Posted in Creditors, Debt Relief Notice, Insolvency, Ireland, Irish Debt, Personal Debt
Tagged creditors, Debt Relief Notice, Debt Solutions, Insolvency
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Comparing an Individual Voluntary Arrangement with Bankruptcy
In looking to cope with personal insolvency it’s almost inevitable that the debtor will have to examine the two most important solutions to be found in the Britain, namely entering into an Individual Voluntary Arrangement (IVA) or petitioning for Bankruptcy. … Continue reading
Posted in Bankruptcy, Creditors, Debt Advice, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, Irish Debt, IVA, Personal Debt, Personal Insolvency
Tagged bankruptcy, debt payments, Debt Solutions, Individual Voluntary Arrangement, Insolvency Practitioner, insolvent, Personal Debt, Personal Debt Management, personal insolvency
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Why Should Creditors Be Able to Claim My Property?
Once you owe money to loan providers or some other lenders they’ve got the legal right to seek the payment of such obligations in keeping with the conditions and terms under which the monies were borrowed or the liability was … Continue reading
Posted in Bankruptcy, Creditors, Debt Advice, Debt Management, Debt Management Plans, Debt Repayment, Debt Solutions, Individual Voluntary Arrangement, Insolvency, IVA, Personal Debt, Personal Debt Management, Personal Insolvency, Solvency
Tagged bankruptcy, County Court Judgment, Debt Management Plans, debt payments, Debt Settlement Arrangement, Debt Solutions, Individual Voluntary Arrangement, Personal Debt, Personal Insolvency Bill
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Settling Debts with an Individual Voluntary Arrangement
A necessary precondition to be permitted to get into an Individual Voluntary Arrangement (IVA) is that you simply must first be insolvent. Even though there are actually alternative options for the insolvent person that include bankruptcy, this analysis shall just … Continue reading
Posted in Bankruptcy, Creditors, Debt Consolidation, Debt Management Plans, Debt Settlement Arrangement, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, IVA, IVAs, Personal Insolvency, Solvency
Tagged bankruptcy, cab, cccs, Consumer Credit Counselling Service, debt advice, Debt Management Plans, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, Irish Debt, Personal Debt, Personal Debt Management, personal insolvency legislation
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The Dilemma for Irish Mortgage Holders
RTE television recently featured a number of Irish couples who were drowning in debt largely as a result of having taken out large mortgages at the height of the property bubble in 2006 to 2007. There are over 45,000 mortgages … Continue reading
Posted in Bankruptcy, Creditors, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, Irish Debt, IVA, IVAs, Law Reform Commission, Mortgages, Personal Debt, Personal Insolvency, Solvency
Tagged bankruptcy, creditors, Debt Solutions, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, insolvent, Irish Debt, irish debt law, Irish government, iva, ivas, Personal Debt, Personal Debt Management, personal insolvency, Personal Insolvency Bill, personal insolvency regime
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Is Debt Management A Safe Debt Solution?
If you are struggling with your debt and are having problems repaying your debts one of the debt solutions out there is known as a Debt Management Plan. This is one of the three most popular debt solutions in the … Continue reading
Posted in Creditors, Debt Advice, Debt Management Plans, Debt Payments, Debt Repayment, Debt Solutions, Individual Voluntary Arrangement, IVA, IVAs, Personal Debt Management, Personal Insolvency
Tagged Debt Management Company, Debt Management Plans, debt payments, Debt Solutions, DMP companies, Insolvency, Insolvency Practitioner, Personal Debt, Personal Debt Management
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Repaying Your Creditors
You will probably understand creditor harassment if you cant afford to your debts when they are due or you have fallen behind in debt repayments. They will start with sending you reminder and overdue letters. If you cant make the … Continue reading
Posted in Bankruptcy, Creditors, Debt Advice, Debt Management Plans, Debt Payments, Debt Repayment, Individual Voluntary Arrangement, Insolvency, IVA, IVAs, Personal Debt, Personal Insolvency
Tagged bankruptcy, Debt Management Plans, debt payments, Debt Solutions, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, insolvent, iva, ivas, Personal Debt Management, 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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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
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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