Family Home & Bankruptcy – A Comprehensive Guide
Thursday, 01 October 2020
While coverage of the recent changes to the Bankruptcy Laws has focused on the reduction of the bankruptcy term from three years to one year, a number of other amendments were made. These will have a serious effect on a person’s decision to file for bankruptcy. The role of the Official Assignee (who takes over
- Published in Bankruptcy, Debt Management & Personal Insolvency
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Bankruptcy: What Happens To The Family Home
Friday, 21 August 2020
Will I Lose My Home? Bankruptcy does not mean definitely losing your family home. If the family home is mortgaged, then in real terms, the bank owns the family home until the mortgage is repaid. The bank may choose to keep the property outside the bankruptcy process and enter into an arrangement with you which
- Published in Bankruptcy, Debt Management & Personal Insolvency
What Is Bankruptcy?
Wednesday, 05 August 2020
Bankruptcy – What of It?! Being declared bankrupt can seem a very daunting process, there is often a lot of uncertainty around how the system works and what you are and are not allowed to do. In this blog, we ask ‘What is Bankruptcy ?’ and answer some of the most common questions relating to
- Published in Bankruptcy, Debt Management & Personal Insolvency
Debt Management & Facing The Problem
Thursday, 13 February 2020
As we continue our New Years Legal resolutions for 2020, one issue which people may feel forced to face is debt. Debt management and facing up to the problem is the first step in resolving the issue. However, it is often difficult to face the burden of debt and to know where or who to
- Published in Bankruptcy, Debt Management & Personal Insolvency
What Happens Your Family Home in Bankruptcy?
Monday, 11 March 2019
What happens to the family home in bankruptcy? This is a very emotive issue and one that we are frequently asked when dealing with bankruptcy issues. This blog looks at the issue and answers the most commonly asked questions.
- Published in Bankruptcy, Debt Management & Personal Insolvency
Pension’s in Bankruptcy Proceedings – A review of recent case law
Thursday, 10 May 2018
What happens to a person’s pension is always a matter for concern when they get into financial difficulties. This can be further complicated by financial difficulties which might result in bankruptcy. When someone goes into bankruptcy, as a general rule, all assets owned by the bankrupt vest in the Official Assignee in Bankruptcy. As a
- Published in Bankruptcy, Debt Management & Personal Insolvency
Family Home in Bankruptcy Proceedings
Thursday, 10 May 2018
The position of the family home in Bankruptcy is that while the Lender has options under the legislation they invariably keep the family home out of bankruptcy.
- Published in Bankruptcy, Debt Management & Personal Insolvency
Loss of tracker led to home seizures of at least 15 Ulster Bank Customers
Monday, 05 February 2018
At least 15 homeowners, who were customers with Ulster Bank, had their homes seized when they failed to make repayments due to being switched, incorrectly, off their Tracker Mortgage Rates. RTE News reports that Ulster Bank will tell the Oireachtas Finance Committee today of the details and that the actual number of customers who have lost
- Published in Bankruptcy, Debt Management & Personal Insolvency
Bankruptcy Boom: Increase in numbers applying
Wednesday, 31 May 2017
The new ‘one year bankruptcy ’ continues to be an appealing alternative for those struggling with unsustainable debt as some 552 people are projected to be adjudicated bankrupt this year according to the latest figures from the Insolvency Service of Ireland. A total of €776 million is the estimated debt that will be included in
- Published in Bankruptcy, Debt Management & Personal Insolvency
Is Tomorrow another Day: Warehousing of Debt – cause or a cure?
Thursday, 09 June 2016
Procrastination – always a tempting option, rarely the right choice. The warehousing of debt is a popular option put out there by Creditors for those desperate to emerge from unsustainable debt. Delaying payment of a large percentage of a mortgage, car loan or credit card debt may seem appealing in the present but leaves the
- Published in Bankruptcy, Debt Management & Personal Insolvency