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...
View ArticleNew 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...
View ArticleInsolvency 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...
View ArticleInsolvency 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...
View ArticleBankruptcy 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...
View ArticleCentral 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 ArticleHousehold 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 ArticleCentral 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 ArticleHousehold 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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