The Ultimate Guide to what happens to the family home in bankruptcy from Lynch Solicitors

Family Home & Bankruptcy – A Comprehensive Guide

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
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Personal Insolvency Arrangements

Personal Insolvency Arrangements – How they Work

Where Do You Go With Your Debts? We are often asked about personal insolvency arrangements.  This blog is accompanied by a video and a podcast that will hopefully help you to understand the issues involved.
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A Guide To Insolvency from Lynch Solicitors, Clonmel, Co. Tipperary, Ireland

A Guide to Insolvency

This is a guide to insolvency to assist people with debt related issues.  The guide also has links throughout that will enable you to find out more about issues such as Debts Settlement Arrangements, Personal Insolvency Arrangements, and other issues.  To read those related articles, simply click the links that are highlighted in bold. Notice:
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Bankruptcy Boom: Increase in numbers applying

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
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Road Traffic Accident and Personal Injury Claims

New Year’s Resolutions –  a Road Traffic Accident and Personal injury Claims Listen to John’s discussion on Tipp FM :    [soundcloud id=’186944730′]   A Road Traffic Accident and a Personal Injury Claims We are all bound to be involved in a road traffic accident at some point in our lives. It might be a small
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Before I go Bankrupt – How the law views transactions prior to bankruptcy

Can transactions made prior to bankruptcy be set aside? Actions you take before declaring bankruptcy can be declared improper and set aside. Worse, if it is shown that you acted fraudulently, a criminal charge and jail time is a possibility. What is allowed and what is not allowed often comes down to interpretation and good
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The Family Home and Bankruptcy Part III: Protections for the Family Home

In two previous blogs (Part I & Part II) we have looked at the role of both the Official Assignee and the Bank in determining what happens to the family home in bankruptcy. Here we answer some common queries about the practicalities of what happens to the family home when bankruptcy is declared and the
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Family Home in Bankruptcy

The Family Home and Bankruptcy Part II: The Role of the Bank

Can the bank take my family home in bankruptcy? Losing your family home in bankruptcy is not a certainty and may not even be likely depending on your circumstances. Bankruptcy does not equal definitely losing your family home. If the family home is mortgaged, then in practice, the bank owns the family home until the mortgage
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Family Home after Bankruptcy

The Family Home and Bankruptcy Part I: The role of the Official Assignee

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
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One Year Bankruptcy

One year bankruptcy is now a reality in Ireland after the Bankruptcy (Amendment) Act 2015 was brought into law by a commencement order on Friday, January 29th 2016. The commencement order reduced the normal duration of bankruptcy from three years to one year bankruptcy. A fundamental shift in attitudes In a press release on Friday, January
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The End of Bankruptcy Tourism – One Year Bankruptcy Is Here

THE END OF BANKRUPTCY TOURISM! – ONE YEAR BANKRUPTCY PERIOD This One Year Bankruptcy has been a long time in coming.  People have been suffering for long enough the debt hangover from the Celtic Tiger era. In 2012 big changes were introduced.  The Insolvency Service of Ireland was set up.  Various insolvency arrangements were put in place.
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One Year Bankruptcy Reform – A Welcome Change

What is One Year Bankruptcy? Bankruptcy is where the property or assets someone who is unable or unwilling to pay their debts are transferred to a person who is given charge of the property by the High Court (called the Official Assignee) to be sold. When those assets are sold, the costs, expenses, court fees
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Change in the Bankruptcy Law – A positive development

Taoiseach Enda Kenny has today announced that legislation reducing the term of bankruptcy could become law before the end of the year. Bankruptcy is the last resort open to a creditor who cannot get paid by any other means and the end of the line for a debtor who is not able to pay his
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Recent Developments: Insolvency, Repossession and Actions of the Bank

Tipp FM Legal Slot – 20th May 2015 – Monthly Wrap Up -Insolvency, Repossession and Actions of the Bank [soundcloud id=’207805206′]   John Lynch spoke to Seamus Martin on Tipp FM about interesting developments and cases in the area of Repossession and Insolvency.   Boyle and Anor v Coyle involved an application by the owners of two properties
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Debt Solutions: Insolvency and the Bank Veto

Tipp FM Legal Slot – 20th May 2015 – Monthly Wrap Up – Debt Solutions: Insolvency. On Tipp FM, John M. Lynch spoke to Seamus Martin on ‘Tipp Today’ about accessing Insolvency Arrangements [soundcloud id=’206362098′] The Insolvency Act was signed into law on St. Stephen’s Day 2012 and since then various officials have been appointed, offices opened, legislation introduced, judges appointed,
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