Explainer: Why there's likely to be a lot of liquidations and corporate insolvencies in the near future
Insolvency experts are expecting to be deluged as a result of the pandemic.
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Insolvency experts are expecting to be deluged as a result of the pandemic.
The couple owes money to Tanager DAC, Bank of Ireland, Banco de Sabadell SA, and Revenue.
A lump sum of over €40,000 from family members will go towards the funding of the arrangements.
The Insolvency Service of Ireland has welcomed the rise in people seeking help.
The head of the insolvency service said banks are challenging proposals “on as many fronts as possible”.
€588 million worth of insolvency applications were made between April and June this year.
Fine Gael has been on Twitter and Facebook, promoting a set of claims about its role in the fall of mortgages in arrears. Do they check out?
The service sector was hit hardest by insolvencies.
Thomas Byrne hoped the courts might halt all repossession cases in light of the government’s planned reforms.
Are lenders cutting off their nose to spite their face?
Whatever action the government takes on Ireland’s housing debt crisis will be the ‘biggest political decision since Irish Water’ according to a householders’ group.
A Fianna Fáíl bill to remove the bank veto in insolvency arrangements is being opposed by the coalition this evening.
The cost is now less than a fifth what it was two years ago.
Only 311 insolvency applications have been approved to date in Ireland.
The Insolvency Services said that it has met many people who don’t realise they are insolvent.
New figures for August out today contain some mixed news. Start-ups were up significantly – but there was also an increase in insolvencies last month.
The Department of Justice briefed on the issue reports The Sunday Times.
Although coming off a low base, the insolvency service is happy to see growth.
The workers staged a sit-in at the premises for 19 days in total.
The construction industry and retail sector are not doing too great either, according to credit-risk analysts.
The state-backed lender’s refusal to engage with personal insolvency legislation is in the crosshairs.
At the end of February Jillian Godsil was declared bankrupt in Ireland.
The plan “vests control in the banks”, a statement from two Credit Union agencies said.
A stand-off between debtors and creditors has led to a slow down in formal insolvency arrangements, write Anthony Joyce and Karl Deeter.
What is debt, and why do we all buy into this debt culture? Jillian Godsil discusses her own financial problems and the unsustainable status quo of modern Ireland.
Plus: What percentage unemployment rate does Taoiseach Enda Kenny want to see in 2016?
The Central Bank says that there is no “tangible evidence” that some customers’ circumstances are improving.
The case is the first involving mortgage debt to appear before the courts under the new personal insolvency arrangements.
Under the new laws the period of bankruptcy will be reduced from 12 to three years.
The first debt settlement arrangement has been agreed today.
According to the statistics section of the ISI’s website, there were almost 7,500 contacts made to to the ISI either by email or telephone up to the end of October.
Analysts say that the falling number of insolvencies and increase in business creation is a positive sign for the economy.
The Irish Mortgage Holders Organisation says emergency legislation is needed to ensure PIPs are affordable.
Dublin has the highest number of PIPs, followed by Cork and Galway.
The Tánaiste was speaking at his first Leaders’ Questions of the new Dáil term this morning.
Jim Stafford issued a statement saying that he did not intend to ‘create a distinction between so called professional classes and PAYE workers’.
Plus, the Insolvency Service of Ireland’s website was visited 5,000 times.
Everyone’s talking about the first day of the new Insolvency Service, Phil Hogan’s latest response on Priory Hall and the Syrian President’s combative TV interview.
The new service opens today, but what does it involve?