Tag Archives: personal insolvency
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
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
Should an IVA have an impact on my Mortgage?
An IVA is a professional agreement between you and your unsecured lenders to pay back some of your debts over a defined time frame – ordinarily five years, but it could be for a lesser period. Secured creditors expect to … Continue reading
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
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
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
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
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
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
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
