The Personal Insolvency laws in Ireland allow for the full write off of certain debts of up to €35,000 with a Debt Relief Notice or DRN. A Debt Relief Notice applies to unsecured debts only – so mortgages will not be covered. It covesr debts such as Bank Overdrafts , Rent, Credit Cards, Personal Loans […]
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Debts
Free Aid and Advice for people with Mortgage Arrears
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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Debt Write off limit increased to €35,000
Government Increases Debt Relief Notice Threshold for Debt Write Off from €20,000 to €35,000 Prior to October 2015 – the maximum debt that could be written off in Ireland under a Debt Relief Notice was €20,000. A an amendment to legislation now means that debts of up to €35,000 can be completely written off . […]
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Debt Management Companies – Reasons to Avoid
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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Eurozone Summit Agreement Main Points
Here are the main points of the European Union Summit agreement, reached in the small hours of Friday after overnight talks. • Eurozone countries budgets should be balanced or in surplus; this principle will be deemed respected if, as a rule, the annual structural deficit does not exceed 0.5% of gross domestic product. • A […]
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