Non Identification of Financial Advisor in court report
The Irish Times is reporting today on a case where a couple had their bankruptcy annulled due to poor or incomplete advice from a Financial Advisor....
View ArticleSummary table of Reasonable Living Expense from the Insolvency Service
Reasonable Living Expenses Updated June 2013 Summary of Schedule 1 - Page 36 Car necessary for work ||Set costs|Infant|Pre-school|Primary |secondary|3rd child|4th child 1 adult, no kids|Table 2|€1,045...
View ArticleI feel like no-one can help me... PIPs not interested, MABS were useless. HELP!
Hi all,, First of all I must mention that I have posted a few times so forgive me for repeating myself. Circumstances have changed with my wife getting a job in civil service on a full-time basis and...
View ArticleLoan arrears, Bank applying pressure, Cant take PIA
Removed temporarily- will report back
View ArticlePersonal Insolvency (Amendment) Act 2015 - a question
The Personal Insolvency (Amendment) Act 2015 allows for a judge to overrule creditors rejection of a Personal Insolvency Arrangement (PIA). But does the new legislation allow a judge to overrule...
View ArticlePost-discharge ICB Report
Hi all, It's been a while since i posted here. I went bankrupt in the UK and was discharged in April of this year. I requested an Irish Credit Bureau report to check that my creditors weren't still...
View ArticlePersonal Insolvency Arrangement comparison with Bankruptcy
Following consultation with various stake-holders, the ISI has today published two new Personal Insolvency Arrangement scenarios on the ISI website. The main aim for the ISI in developing these two new...
View ArticleHow to stop a creditor making you bankrupt
Debt collection is about the application of pressure, and sometimes a creditor will bring a bankruptcy petition to apply the maximum pressure to a debtor. If you are faced with such a petition, can you...
View ArticlePersonal guarantee
A few years back I signed a personal guarantee for a loan I received from a non bank institution. The money was lent to a company I set up but it subsequently failed and all funds including personal...
View ArticleSplit mortgage offer - joint holder gone bankrupt abroad
I am putting my case out here to get some feedback, because I can't figure out what to do anymore. I've ended up as the sole responsible party in a joint mortgage after my ex-partner moved abroad and...
View ArticleBankcruptcy or PIA and retaining family home
Hi everyone, any advice would be much appreciated. I agreed a voluntary sale of a buy to let property with Ulster bank (sale went through in April 2015) which left a shortfall of around €120,000. My...
View ArticleAbout to start PIP process. Income calculation question
Just a quick question. I'm about to start into the insolvency scheme, when the bank is calculating your income to work out what you can pay them, in a deal, is it just your basic weekly/monthly net pay...
View ArticleRestructured loan reported as in arrears on ICB report
We paid off lots of debt over the last 6-7 years. It's been a struggle but it was finished last year. As a matter of interest we got our credit reports to see what damage had been done. Not much was...
View ArticleBeing Chased for an old debt
In 2005, I had a van repossessed by the finance company, as I could no longer keep up the repayments on it. A few months later, they came back to me looking for over €3,000, which they claimed was...
View ArticleBankrupt in uk
hi, Due to being in serious debt in the UK, my husband has had to declare himself bankrupt. We have been planning to move back to Ireland for a long time and now seems like the right time. Does anyone...
View ArticleDebts over 20k,very low income
My debts are in the order of 35k (2 Cc,1 term loan).I have defaulted on all 3. I obviously have too high debts for a DRN,but my personal monthly income is of the order of €300,so I'm assuming that it...
View ArticleWill bank agree to deal to accept half of joint residual debt?
In a situation where after a forced sale there is a shortfall and two parties jointly/severally owe €300k. One party can get lump sum from family and suggests an arrangement to bank whereby she agrees...
View ArticleLoan Sale - Data Protection
I received a letter from my Bank saying that my loan (a joint and several property investment where a receiver sold the property last year) will be transferred to a third party. They say that they are...
View ArticleHome repossession for Bankrupts
Does the recent ruling in O'Donnell regarding Gorse Hill mean that repossessions will be streamlined? I presume if the bank and bankrupt reach an agreement then this will have no effect. However, I...
View ArticleForming a Lobbying group for Bankruptcy term reduction
All, Further to some discussions in other forums, I intend to set up a lobbying group to reduce the term of both bankruptcy and Income Payment Orders. I was one of many who made a submission to the...
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