Category Archives: Personal Debt Management

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

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

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

Posted in Bankruptcy, Debt Settlement Arrangement, Debt Solutions, Individual Voluntary Arrangement, Insolvency, Insolvency Practitioner, Irish Debt, Law Reform Commission, Mortgages, Personal Debt, Personal Debt Management, Personal Insolvency | Tagged , , , , , , , , , , , , , , | Leave a comment

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 , , , , , , , , , | 1 Comment

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

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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

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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

Posted in Bankruptcy, Creditors, Debt Solutions, Insolvency, Irish Debt, Personal Debt, Personal Debt Management, Personal Insolvency | Tagged , , , , , , | 1 Comment

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

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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

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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

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