Judgement Mortgage/jointly owned property
I bought a house with a relative for which we put up 50% of the equity on purchase over 70% of which was provided by me. Unbeknownst to me his loans for boat, cars, holidays other 'investment'...
View ArticleHow to claim when counterpart has passed away
Hi, I was working with a contractor to re design my house. I had paid the contractor in advance some amount to buy materials, but unfortunately the contractor had a sudden death. That person was...
View ArticleFew questions on Judgements, divorce and family home.
I am hoping someone can help me with some answers to my questions. There was a judgement registered against me in 2011 for a failed property investment (not the family home). I have always managed to...
View ArticleIrish bankruptcy - holiday restrictions
My brother has recenty entered bankruptcy however we have a family holiday planned for next year to celebrate a couple of milestone events and obviously would like him to be a part of these...
View ArticleHow long should a company liquidation take?
A company for which i did some work was placed in liquidation about twelve months ago. It was, in my view, a fairly straight forward liquidation: a service company; no fixed assets to be disposed; some...
View ArticleLiving in the uk - what can bank do?
Ok. I'm living in the UK. I'm single with no dependants - live in rental accommodation. And have a well paying job - but it on a contract basis. I have no other assets. Its basically just me with a...
View ArticleDo banks in practice re-negotiate a new shortfall deal if circumstances have...
After a lafge shortfall in monies owed after selling properties, I have negotiated and agreed an informal agreement with my bank (AIB) which writes off some of the debt assuming i fulfill this new...
View ArticleLifting the Banks' Veto in formal insolvency arrangements
The Government felt that some creditors were voting against (“PIAs”) and that such voting was jeopardising debtors’ abilities to retain their family home. Accordingly, they sought a way to restrain the...
View ArticleIn deep debt and looking for best option
I have a question, perhaps someone can help? I am 39 years old, married with four young children. I bought a house in Monaghan in 2007 for €365,000 mortgage with EBS. Interest rate variable of around...
View ArticleJudgement on family home ?
Hi Could someone please give their opinion or knowledge on this question please...... If a bank eg. AIB started talking about putting a Judgement on a family home - they obviously aren't going to the...
View ArticleCarVal / Stapleford - settlement offers
Has anyone any experience of dealing with CarVal? Pepper are managing a loan book. CarVal are starting to get very aggressive. I offered them a settlement of 15% of a 100k loan which I can raise from...
View ArticleAppealing a Personal Insolvency Arrangement
Is this now in force? Is there any guide to the process? Who pays the costs? Presumably there is no downside for the applicant, as he is insolvent anyway. The PIP might be reluctant to appeal as he may...
View ArticleChange of circumstances after bankruptcy
Hi I'm likely going to be bankrupt very shortly. I am currently an employee, not making huge money but enough that I'll have a payment order - perhaps 500 per month. A friend of mine is starting a...
View ArticleBankruptcy term reduced to 1 year - IPO for 3 years?
http://www.irishexaminer.com/irelan...pproved-to-be-approved-by-cabinet-367280.html
View ArticleWhat happens to Company Directors shares in bankruptcy
I am a company owner and director that is seriously considering bankruptcy and would really appreciate any advice The reason I am considering bankruptcy is because I was a sole trader for 10 years and...
View ArticleSummary of the new process for appealing PIAs which have been vetoed
I haven't been following this stuff closely and I want to get up to date. Is there a good summary as to how they affect the family home? For example, a PIA can be imposed on a lender. But can the...
View ArticleHouse sale,shortfall payment
I need advice if possible as i do not know what to do next.My wife had to give up her house and went the route of voluntary surrender to the PTSB about a year ago.Due to personal reasons she had no...
View ArticleBank taking militant position on voluntary sale proposal
Hi, I live overseas. I have been in arrears on a property (which is jointly owned with another emigrant) for several years, which has been rented for that time and we have been contributing the net...
View ArticleReasonable living expenses - confused
Hi I'm trying to calculate reasonable living expenses in my case. I'm married, no kids and have a car which I need for work, no other costs or special circumstances. Will likely be going bankrupt. On...
View ArticleThe family home in bankruptcy
Some key points which need to be cleared up first Summary stats based on 2014 bankruptcies 55% of bankrupts lose or will lose their family home. 15% choose to leave it 30% stay in their home Based on...
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