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Personal Insolvency: Will it work?

New personal insolvency guidelines were published yesterday, aimed at helping to solve the problem of borrowers with unsustainable levels of debt. While opening up to the new Insolvency Service of...

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New insolvency service receives hundreds of calls

  The new Insolvency Service of Ireland, which will administer debt arrangements for people in financial trouble, has received almost 100 calls a day in its first week. Its director Lorcan O’Connor...

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Insolvency practitioners must charge 23% VAT rate

  The Insolvency Service of Ireland has confirmed that a VAT rate of 23% will be applied to the fees paid to insolvency practitioners. The service, which will regulate the work of Personal Insolvency...

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Insolvency Service of Ireland begin taking applications

  The Insolvency Service of Ireland has begun taking applications today from people who want to restructure their debts. Personal debt is a big problem in Ireland, with more than 100,000 people in some...

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Bankruptcy term reduced to three years

This week Minister for Justice Alan Shatter signed an order to introduce the measure reducing the length of bankruptcy term in Ireland from 12 to 3 years. The legislation also transfers the Office of...

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Central Bank expected to review mortgage arrears targets

Negotiations are underway about carrying out a review of targets set for banks to deal with mortgage arrears. It is understood the development follows an initiative being driven by the Taoiseach’s...

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Household wealth on the rise to highest level since late 2008

Household net worth rose to €600.8 billion during the last three months of 2014, an increase of 4.3% over the period, according to new figures from the Central Statistics Office (CSO). In per capita...

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Central Bank expected to review mortgage arrears targets

Negotiations are underway about carrying out a review of targets set for banks to deal with mortgage arrears. It is understood the development follows an initiative being driven by the Taoiseach’s...

View Article


Household wealth on the rise to highest level since late 2008

Household net worth rose to €600.8 billion during the last three months of 2014, an increase of 4.3% over the period, according to new figures from the Central Statistics Office (CSO). In per capita...

View Article


Personal Insolvency: Will it work?

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New insolvency service receives hundreds of calls

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Insolvency practitioners must charge 23% VAT rate

View Article

Insolvency Service of Ireland begin taking applications

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Bankruptcy term reduced to three years

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Central Bank expected to review mortgage arrears targets

View Article


Household wealth on the rise to highest level since late 2008

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