Judgement Mortgage
My husband has a mortgage in his own name since before we were married, he has a Judgement mortgage on this . He is currently in a payment plan with Mabs to make a payment on the debt however is its a...
View ArticleBankruptcy and the IPO. How exactly does it work?
I would be very grateful if someone could help me on any of the following issues. I have been doing a bit of googling but I have been unable to find any detailed information. 1. Who are the parties...
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 ArticleInheritance while in PIA
If someone is early in a PIA which gives the creditors say 80% of any inheritance, it seems that the creditors will not only take this 80% but the debtor may find the PIA reviewed and their payments...
View ArticleBankruptcy
Hi I'm going through bankruptcy at the moment my wife owns the house in her name,can the house be used or taken from my wife to pay for my debts?Would appreciate the advise please
View ArticleLiving in uk - does a Brexit make it more difficult for bank to chase debts?
I'm living in uk for last number of years and in big debt - and failed to come to an informal writedown with my bank as I viewed their writedown not enough. Ice decided bankruptcy is a better...
View ArticleIn bankruptcy, fo some creditors take priority above others?
i am most likely going youp bankrupt. I owe a bank c. 500k and the revenue c. 50k How is any cash I have distributed ? Does revenue automatically take priority? Or does it get divided up proportionally ?
View ArticleJudgement on family home - Can they force sale
Hi I wonder if anyone can help out I've been in negotiations with the bank now for well over a year. I've two investment properties in negative equity. My own home is with the Same bank and not in...
View ArticleIs there any way of challenging paying negative equity shortfall on sold...
In summary, my partner went bankrupt in the UK, I was left with the negative equity on a buy-to-let after we sold it. It is about €50k. I will have to pay €550 or more a month over 7 years to clear it....
View ArticleWhy go for Bankruptcy or PIA if mortgages cannot be included?
I am totally confused re the Bankruptcy and PIA options if my mortgages cannot be included. I have a home property and a BTL. Both are in negative equity: Home value 400k Mortgage = 600k BTL value 265k...
View ArticleHow long is the Bankruptcy or PIA approval process?
I am considering Bankruptcy or PIA soon as I believe that I am effectively insolvent. How long does the approval process take from the time you meet with a PIA to the time the Bankruptcy term...
View ArticlePermanently Resident in North America - PIA Rejected by Lender
My wife and I purchased a property in Ireland, but had to emigrate to North America a few years back in search of work - we rented the property in Ireland, continuing to supplement the mortgage out of...
View ArticleIs Insolvency the only option in mortgage debt write off?
I am unemployed, on social welfare, legally separated with no assets. My mortgage for the family home, which has been unoccupied since 2012 was with Ulster Bank and now is being dealt with by Cabot...
View Articleis uk bankruptcy recognised in ireland
I was made bankrupt in n ireland in june and released from bankruptcy in june 14 .I have now moved back to Ireland and have opened a bank account.However when I checked my credit rating the banks still...
View ArticleLegal charge over land, business loan, PIA query
Good morning, I secured a business loan of 110k with a legal charge over lands belonging to my family, current market value approx 85k. The company dissolved in 2010 and i have been making small...
View ArticleRLE , Uneven Income and Lump Sums
How does ISI deal with uneven income in bankruptcy? Say I ran a B&B in Tramore and it was my sole income. It could yield me a net income ranging from €400 in November to say €4,000 in July. How...
View ArticleNew online bankruptcy in UK working a treat
Hello people. It's been a while since I posted on here. I hope your new bankruptcy system is working well for you all. I am still getting enquiries, but in the main I tell people to stay in Ireland and...
View ArticleJoint tenancy - one not paying
I am posting this on behalf of my friend whose son bought an apartment with a friend under joint tenancy. The son's friend lost his job and stopped paying his portion of the mortgage and my friend's...
View ArticleJust declared bankruptcy - i want to open a new account
My sister has just officially been declared bankrupt this week. Her old account in her bank whom she owed the debts to has been frozen just today (She wasn't expecting this) She now needs to set up a...
View ArticleOA contact with Bankrupts? 29th July discharge date approaching
With the date of discharge of 29/07 approaching for many of us bankrupts, has anyone (bankrupts obviously) been contacted by the OA's office for assessment pre-discharge?
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