How does ISI value the family home?
Hi, Does anybody know how does the Insolvency Service of Ireland value the family home or any other property for that matter?
View ArticleWhere the bank wants to repossess the bankrupt's home...
This thread is about, and only about, situations where all three of the following apply: The home is in Negative Equity The bank wants to repossess the bankrupt's home The bankrupt does not consent to...
View ArticleThe OA's views on the impact of reducing bankruptcy to 1 year on keeping the...
I have taken this very important extract from a paper by Chris Lehane. He used the terms "mortgagee" and "mortgagor" in the paper, which I have changed to "lender" and "bankrupt". I have highlighted...
View ArticleWhat happens if the OA does not sell the family home within 3 years?
Could somebody please give insight as to what happens, in the following case where: 1) The debtors family home is in negative equity (both in terms of current market value and/or arrears). 2) The...
View ArticleSplit mortgage can we appeal
We have entered a PIA 1yr ago with our main debt been a split mortgage and this then made us solvent in the banks eyes. We don't agree with this as we still have the split portion to pay back after the...
View ArticleNew "Tricks of the Trade" in Personal Insolvency explained
We presented a seminar yesterday on recent Developments in Bankruptcy and Personal Insolvency, at which we explained some of the new "Tricks of the Trade" which arise from recent legislative...
View ArticleLumpsum offer on debt, bank refusing writedown.
NellieNew Member Hi I would very much appreciate any advice given on how to handle my financial situation. I took out a Trader up Mortgage some years ago, this product enabled me to get a bridging loan...
View ArticleJudgement mortgage
Hi I have just gotten a letter today stating that a judgement mortgage was taking out on my house in 2013 for a unpaid loan. I hadn't heard anything about this loan for 4 years +. It wasn't that I was...
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PIA or BAnkruptcy?
Looking to clarify a couple of points..... * Is there a possible extension at the end of a PIA, if financial situation changes? * What is the extension term also for Bankruptcy if your financial...
View Article1 year bankruptcy term is now signed into law
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...
View ArticleKBC contact for repossession?
Does anyone have an email contact for someone who works with repossessed houses in KBC?
View ArticleContact from ISI between now and July 29th exit from Bankruptcy
Hello all. Following on from the commencement order of the 1 year bankruptcy term and the deadline 29th exit for all of us over 1 year in, I presume that we will all get one last assessment for RLE...
View ArticleCan you have a bank account while bankrupt?
As the title says - Can you have a bank account while bankrupt?
View ArticlePIPs starting to insert "Poison Pill" defences into PIAs
A poison pill is a strategy used by companies to discourage hostile takeovers. With a poison pill, the target company attempts to make its shares less attractive to the acquirer. With the recent...
View ArticleLatest High Court judgment on whether banks can claim "surcharge interest"...
Earlier this month the High Court handed down judgment in two linked cases: Sheehan v Breccia and others, and Flynn and Benray Limited v Breccia. The judgment provides useful clarification as to...
View ArticleHigh Court provides guidance on what defences are effective against a...
The High Court recently handed down judgment in respect of a bankruptcy petition brought by ACC Loan Management against Mr. P. (Bankruptcy cases do not show the name of the debtor for publicity...
View ArticleBankruptcy term / payment orders
Quick bankruptcy question Suppose a person has zero disposable income after RLEs are applied - this qualifies them for bankruptcy as there is no money available for a PIA. So when declared bankrupt ,I...
View ArticleWhat is statute barred?
I owe the bank money - I have no assets other than a lump of debt. Does stature barred only apply if the bank don't act at all? (i.e. if they fail to make a judgement against me? Or if they do a...
View ArticleJudgement 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 ArticleLeaving UK after being made Bankrup?
Dear All Any help would be welcome. After I have been made bankrupt and received the bankruptcy order and completed all meetings required by the OR, how quick can I return home. Regards Bobby
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