29 January 2016:
ISI PRESS RELEASE TODAY
The ISI welcomes the commencement of provisions contained within the 2015 Bankruptcy (Amendment) Act by the Minister for Justice and Equality, Ms. Frances Fitzgerald, T.D. These changes come into effect on 29 January 2016.
The new provisions:
· Reduce the bankruptcy term from 3 years to 1 year.
· Reduce the income payment period from 5 years to 3 years.
· Provide for the re-vesting of family homes in debtors, where the Official...
1 year bankruptcy term is now signed into law
ISI PRESS RELEASE TODAY
The ISI welcomes the commencement of provisions contained within the 2015 Bankruptcy (Amendment) Act by the Minister for Justice and Equality, Ms. Frances Fitzgerald, T.D. These changes come into effect on 29 January 2016.
The new provisions:
· Reduce the bankruptcy term from 3 years to 1 year.
· Reduce the income payment period from 5 years to 3 years.
· Provide for the re-vesting of family homes in debtors, where the Official...
1 year bankruptcy term is now signed into law