Tag Archives: Personal Debt

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%.

Posted in Bankruptcy, Debt Advice, Insolvency, Mortgages, Personal Debt, Personal Debt Management, Personal Insolvency | Tagged , , , , , , , | Leave a comment

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

Northern Ireland Top Region For Bankruptcy

It seems that Northern Ireland is leading the way compared to other regions of the UK in terms of the amount of personal debt problems encountered by its citizens, according to a report issued by a national debt charity, the … Continue reading

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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

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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 , , , , , , | 5 Comments