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 […]
Continue reading…
Insolvency
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 […]
Continue reading…
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 . […]
Continue reading…
Insolvency Applications Can be Made From Sept 9th
The Insolvency Service of Ireland (ISI) finally began accepting applications from Monday the 9th of September 2013. Only authorised Personal Insolvency Practitioners (PIPS) and Approved Intermediaries will be able to make applications . Individuals need to apply through these third parties . Just a handful of Money Advice and Budgeting Services (MABS) are currently approved […]
Continue reading…
Insolvency Guidelines on Reasonable Living Expenses
The Insolvency Service of Ireland is gradually getting up and running – and today they are publishing guidelines on the amount of money debtors will be allowed to keep a reasonable standard of living. At first glance the figures don’t sound too harsh – I am sure there are many people who are getting by […]
Continue reading…