Category Archives: Insolvency

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 , , , , , , , , , , , , | Leave a comment

Questions for the Irish Government on Personal Debt

It promised to hit the ground running and the new Irish Government will soon be a hundred days in office. It has committed to making many changes so perhaps now is the time to ask some questions as to what … Continue reading

Posted in Debt Consolidation, Debt Management Plans, Debt Payments, Debt Solutions, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, IVA, IVAs, Law Reform Commission, Personal Debt, Personal Debt Management, Personal Insolvency, Solvency | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

What Makes Bankruptcy Law in Ireland So Draconian

Time and money are two key resources in any successful business. They encompass and conjure up ideas of costs, budgets, productivity, deadlines, profitability investment and so on. The list is endless. The analogy with bankruptcy or rather the legislation dealing … Continue reading

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Insolvency while pregnant

Recently issued figures estimate that the expense of rearing a child starting from arrival to twenty one years old might be up to £200,000. We will assume that you’re in an IVA turn out to be pregnant. The issue of … Continue reading

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Standardizing Personal Insolvency Laws in Europe

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

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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 , , , , , , , , , , , , , , , , | Leave a comment

What is an Irish Judgment Mortgage?

A creditor may seek a judgment against a debtor in an Irish court for non-payment of a debt when such payment is overdue. Where such a judgment is awarded, interest is automatically applied at the statutory rate of 8%.

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How To Rank Your Debt Payments

People have to live so in assessing which bills to pay first, one must consider the essentials of life – food and shelter. Making sure you pay your priority debts comes before all your other debt payments and is regardless … Continue reading

Posted in Debt Management Plans, Debt Payments, Debt Repayment, Insolvency, Insolvency Practitioner, IVA, IVAs, Personal Debt, Personal Debt Management, Personal Insolvency | Tagged , , , , , , , , , | Leave a comment

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

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What Insolvency Practitioner Should I Choose?

Consumers who are looking to find out about IVAs or other solutions for their debt problems are sometimes scared or concerned about enquiring about financial advice. Alot of people may feel ignorant in terms of their understanding of financial matters … Continue reading

Posted in Debt Advice, Debt Repayment, Debt Solutions, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, Irish Debt, IVA, IVAs, Personal Debt, Personal Insolvency | Tagged , , , , , , , , , | Leave a comment