The Government will shortly introduce legislation that will make it possible for people who have gone into mortgage arrears because of Covid-19 to seek a court review of their proposed Personal Insolvency Arrangement if creditors vote against it. (i.e. the existing restriction that debtors had to be in mortgage arrears as at 1 February 2015 will be lifted.)
It is disappointing that the Government are not taking the opportunity to lift the €3 million cap on PIAs.
Jim Stafford
It is disappointing that the Government are not taking the opportunity to lift the €3 million cap on PIAs.
Jim Stafford