Tag Archives: Irish government

Increasing Number of Irish Citizens Insolvent

Just five short years ago Ireland was awash with the ‘nouveau riche’ of the Celtic Tiger. Brash young Irish men and women and many not so young Irish citizens were basking in the realization that their time had come. Now … Continue reading

Posted in Bankruptcy, Debt Solutions, Insolvency, Irish Debt, 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

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 , , , , , , | 5 Comments

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

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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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

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Personal Debt – An Irish Debt Solution

The Green Party, who are in coalition government with Fianna Fail, are obviously keen to leave a legacy of getting significant insolvency legislation enacted before they depart government, now projected to be early in 2011. The Law Reform Commission (LRC) … Continue reading

Posted in Irish Debt, Personal Debt | Tagged , , , , , | 1 Comment

Irish people in debt will not face jail

The Law Reform Commission (LRC) of Ireland has just published its final report on personal debt in Ireland and in the dying days of the Fianna Fail – Greens coalition government, it includes a Draft Personal Insolvency Bill 2010 which … Continue reading

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