Personal Insolvency Bill published
Minister for Justice Alan Shatter today published the long-awaited Personal Insolvency Bill aimed at reforming insolvency laws, some of which have been in place for over a century. The Bill includes a...
View ArticlePersonal Insolvency Bill won’t stop bankruptcy tourists, warns UK solicitor
Recently announced changes to the country’s bankruptcy law will not stem the flood of Irish bankruptcy tourists to the UK, says a leading Leicester-based bankruptcy consultant who claims that his Irish...
View ArticleMoody’s expect debt forgiveness for unsustainable mortgages
International ratings agency Moody’s expects debt forgiveness to become the normal way to deal with unsustainable mortgage debt in Ireland. In a note issued yesterday, Moody’s said that once all other...
View ArticleSinn Féin TD describes government’s response to mortgage crisis as “inadequate”
Sinn Féin Justice spokesperson Deputy Pádraig Mac Lochlainn has described the government’s response to the mortgage crisis as “clearly inadequate” Speaking during a debate on the Personal Insolvency...
View ArticleMortgage arrears plans to be enacted next week
The Taoiseach has told the Dáil that the Government plans to introduce new structures within the next week to deal with people who are under pressure with their mortgages. Enda Kenny was responding to...
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Quarter of all Irish mortgage debt susceptible to write-down
A quarter of all Irish mortgage debt is susceptible to a write-down under proposals contained in the Personal Insolvency bill, it was claimed today. Ratings agency Moody’s has rated the...
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Families in debt should be facilitated in remaining in their home, says report
A report on the Government’s Personal Insolvency Bill has said families should be facilitated as far as possible to remain in the family home in any insolvency arrangement. Minister for Justice Alan...
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Personal Insolvency Bill to be published next month
The Personal Insolvency Bill will be published by June, Minister of State for Small Business John Perry told the Dáil yesterday. Minister of State for Small Business John Perry Mr Perry was speaking...
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Personal insolvency bill to be released today
Justice Minister Alan Shatter Justice Minister Alan Shatter is due to release the new personal insolvency bill today. Debates on the exact contents of the bill have been rumbling on for several months....
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Insolvency bill will cut bankruptcy period from 12 to three years
Enda Kenny The government has approved the terms of the Personal Insolvency Bill and will publish it on Friday. Taoiseach Enda Kenny said it was a radical measure that would allow those unable to pay...
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