Category Archives: Debt Settlement Arrangement
Ireland Moves on Personal Insolvency Legislation
During this year the Irish government is expected to pass new personal insolvency legislation. The final draft of a Personal Insolvency Bill is expected to be published by the end of April 2012, a month later than the EU, ECB … Continue reading
What Irish Government Minister will Champion the Indebted Masses?
Just eight months in power now, the new Irish government, comprising a coalition of the Fine Gael and Labour parties, has begun to make noises about the personal debt elephant in the room. Were it not for the EU-IMF demand … Continue reading
Experiencing the Penalty of Personal debt
Capital punishment for even the most heinous criminal offenses has long been abolished in many western democracies with a few important exceptions like the USA. In regard to debt however, the USA has a most benign range of laws and … Continue reading
Facts about Debt Management Plans
A Debt Management Plan (DMP) is an informal manageable solution for solving a person’s personal debt issues by which creditors are repaid in full in a period of time. The rate at which lenders are paid off is based upon … Continue reading
Five Years Bankruptcy Term in Ireland
Justice Minister Alan Shatter has just published the details of the Civil Law (Miscellaneous Provisions) Bill which will have the effect of reducing the term of bankruptcy in Ireland. Bankrupts under the proposed new law will ‘enjoy’ automatic release from … Continue reading
Challenging the Irish Insolvency Law
A challenge to Ireland’s arcane bankruptcy laws may be made to the High Court within weeks, according to a recent report in The Sunday Independent by Maeve Sheehan. This is an interesting development if a challenge is made on the … Continue reading
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
Penalties for Debt
Capital punishment for even the most heinous crimes has been abolished in most western democracies with some significant exceptions such as the USA. In regard to debt however, the USA has a most benign set of laws dealing with insolvency … Continue reading
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
Will New Irish Government Tackle Personal Debt Law?
It will fall to the new Irish government – widely expected to be a coalition of the Fine Gael and Labour parties – to enact new personal insolvency legislation in Ireland. The Green party has been credited with recognition of … Continue reading