Tag Archives: Debt Management Plans

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 , , , , , , , , , , , | 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

Posted in Bankruptcy, Creditors, Debt Management Plans, Debt Relief Orders, Debt Solutions, Insolvency, Irish Debt, Personal Debt, Personal Debt Management, Personal Insolvency | Tagged , , , , , , , , , | Leave a 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

Posted in IVAs, Personal Debt, Personal Debt Management | Tagged , , , , , , , , , , | 1 Comment

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 , , , , , , , | Leave a comment