The COVID-19 pandemic will affect the incomes of many Irish households. Mortgage payments are usually one of the biggest household expenses and many people will struggle to make the payments if their income is reduced. All the banks in Ireland can offer a range of financial supports such as payment breaks on mortgages or other […]
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THis week saw the launch of a new scheme of Free Aid and Advice for people with Mortgage Arrears The purpose of this State funded Scheme is to help people in serious arrears to find the best available solutions, with the help of professionals with knowledge of mortgages, insolvency, bankruptcy and repossession. The priority is […]
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New Personal Insolvency legislation for Ireland was originally promised by the government before the end of April 2012. It is something that the IMF and EU demanded as part of the bailout agreement. It is finally being implemented in the summer of 2013. Debt forgiveness has been discussed many times over recent years – and […]
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There seems to be plenty of firms operating in Ireland who offer to help people sort out their debt problems. Many households in Ireland are struggling with debts – and these companies are trying to make money out of it. They make offers such as: “Clear All Debts You Can’t Afford With Government Backed Scheme” […]
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The Bankruptcy rules have been relaxed in Ireland – and the period of applying for discharge from bankruptcy has been reduced from 12 to five years. Also – there is now automatic discharge of bankruptcy after 12 years. The revised rules are contained in the Civil Law (Miscellaneous Provisions) Act 2011, which came into force […]
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