Debt Relief Notices Explained

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 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…

 

Personal Insolvency Bill

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 […]
Continue reading…

 

Insolvency Bill to be Published This Week

Enda Kenny  today confirmed that the Cabinet has approved the publication of the Personal Insolvency Bill this Friday . He also announced that a series of other measures to assist those in mortgage difficulty had also been agreed. Mr Kenny said that by this summer, a new Mortgage Information and Advice Service will be in […]
Continue reading…