Statute of Limitations
For those of you interested in a in-depth analysis of the law on Statute of Limitations then you should real Hugh McDowell's article in The Bar Review on the following link at page 80....
View ArticleLimited company director - bankruptcy
About to go bankrupt. Am the sole director of a limited company (IT contractor) Company has €50k of funds in it. I have no personal cash. Before bankruptcy I appoint someone else as director in my...
View ArticleAccelerated "1-day" PIA???
I have received conflicting advice on this issue recently and would appreciate some insight. I have unsecured debt of €200k. My home is in negative equity (circa €50k)with €300k outstanding on...
View ArticlePIA
Hi Guys, Is my family home safe if i proceed with a PIA? Also is my wives credit rating ruined if i pursue same? None of the debts are in her name.
View ArticleOwed debt and what I should do now
Hi In previous years I was self employed and the business failed terribly. It has taken me a number of years to get back on my feet and during this time I have had to deal with health issues and a...
View ArticleUK bankruptcy and judgement made by bank afterwards
Hi I was made bankrupt in Belfast in June 2013 and discharged in June 2014.Most of my assets were in southern Ireland.My query is about one property I used to own.I had a loan from my local credit...
View ArticleInformal arrangement with Vulture Fund???
Hi, I'm looking for some general advice as to whether an informal arrangement with a Vulture Fund is possible in the following situation, which we find ourselves in:- We currently own 3 Buy to Let...
View ArticleSpouse bankrupt. House in positive equity. How is OA's interest valued?
What Mortgage balance is used to determine positive equity. The value at the date of bankrupcy or the value 3 years later?
View ArticleBecoming a director after bankruptcy
I was discharged from bankruptcy in Canada as I was a resident there. The whole process took 9 months from application to full discharge. My debts where all Irish debts. I have since returned home and...
View ArticleMorgatage Restructure
Hope I'm in the right forum here apologies if I'm not but a search did not show me anything and I left my glasses in work, Here is my question about 3 and a half years ago after finding ourself in dire...
View ArticleContact post bankruptcy re surrendered house
Discharged from Bankruptcy last year. Surrendered our house to the ISI during bankruptcy. My wife was contacted today by a major law firm, stating they were receivers for the house, requesting our...
View ArticleBankrupt in Northern Ireland - still have properties in RoI
I am going to put my query in bullet points for easier reading because my case is a bit complicated. Thanks for your patience Our situation: · My husband and I are Irish passport holders and live in...
View ArticleInsolvency arrangement but ICB report came back clean
Hi I'm a bit confused by this and looking for some opinions. In short after almost 10 years my mortgage related mess got sorted out with an insolvency arrangement. I finished with that process a month...
View ArticleLoan how to deal with it
During the downturn my husband had very little work self employed fingers crossed that seems to be improving. we have one loan that we had taken out when his company was trading this has not traded in...
View ArticleAbout to go bankrupt - can possible inheritance while bankrupt be protected?
As the title states, I'm about to go bankrupt in a couple of months. IF I was to come into an inheritance during bankruptcy I assume it would be taken. Can I protect it in advance should an inheritance...
View ArticleInsolvency in Ireland after moving to the UK?
My husband and I moved to Manchester in 2015 and slowly finding our feet again after a few difficult years financially speaking. We have been in dispute with the EBS and are asking for contributions...
View ArticleGuarantor on credit union loan
Hi Guys. I'm hoping someone here might have some information that might help me. I was adjudicated bankrupt a number of months ago. One of my loans was with the credit union and for this loan I got one...
View ArticleProcess & Timescale for finalising PIA exit.
My question is in relation to the nuts and bolts of finalising a PIA in terms of paperwork, writing to creditors, removal from PIA register etc. I know the ISI remove from register within 3 months of...
View ArticleGuarantor on business loan
Hi All. Hopefully this won't be too long winded! I have a start up business and as well as my life savings I also had a bank credit line worth 25k put into the business. The first year of business did...
View ArticleNew restrictions on "McKenzie" friends in the Courts
Mason Hayes & Curran Solicitors have just published a very useful note on McKenzie Friends. I reproduce most of the note below. The traditional role of a McKenzie Friend When dealing with a case...
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