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Wednesday 6 December 2023 Dublin: 8°C


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It's costing banks €100,000 a go to reject insolvency applications...
Are lenders cutting off their nose to spite their face?
Is this the latest headache for Ireland's insolvent classes?
A recently discovered flaw in insolvency law won’t be fixed until September.
A fate worse than debt: tackling Ireland's insolvency problem
This week the Insolvency Service was branded “pathetic” – the director admits performance is disappointing, but can it be turned around?
The Briefcase: Plans for Dublin's 'Canary Wharf', trips to Addis Ababa and Lidl's pricey wine list
This was the week in business.
'Pathetic' Insolvency Service 'not fit for purpose' - IMHO
The ISI has defended the low level of debt deals, but is under attack over the pace of its work.
Insolvency service seals threefold increase in debt arrangements
Although coming off a low base, the insolvency service is happy to see growth.
Thousands asked for help from insolvency service in its first months
In the first three months of the ISI’s existence, it was inundated with calls and emails.
Most of borrower’s debt written off in first deal under new insolvency regime
The first debt settlement arrangement has been agreed today.
PIP apologises for comments about ‘bigger houses’ for professionals
Jim Stafford issued a statement saying that he did not intend to ‘create a distinction between so called professional classes and PAYE workers’.
140 calls to insolvency service in first day of business
Plus, the Insolvency Service of Ireland’s website was visited 5,000 times.
Insolvency service to take applications from 9 September
Insolvent debtors are being advised to attempt to work out an agreement with their creditors before contacting the service.
Social justice group distances itself from insolvency budget figures
The Vincentian Partnership for Social Justice said that the figures were “an adapted version of the Minimum Essential Budget Standards data”.
Poll: Do you think the Personal Insolvency spending guidelines are fair?
The spending guidelines set a limit of around €900 for a single person and roughly €1,400 a month for a family with children.
New insolvency guidelines protect banks at borrowers' expense - opposition
Fianna Fáil and Sinn Féin have both queried the amount of power left in the hands of the banks in the insolvency regime which was unveiled today.
Osama Bin Laden may have been betrayed by oldest wife
Independent investigator Shaukut Qadir’s theory also shows bin Laden’s deputy Ayman al-Zawahiri as an ambitious second-in-command.
Model's nude pose for FHM India causes fury in Pakistan
Model Veena Malik said the nude photo was published in violation of her agreement with FHM India and she says she is considering legal action.
Shocking video emerges of boy being shot dead by Pakistani security forces
Pakistani security forces are under pressure to explain the video of an unarmed 18-year-old being shot at point-blank range. He later bled to death.
CIA will be granted access to bin Laden house
US intelligence forces will be given an opportunity to search for fingerprints and other evidence in Abbottabad.
Afghan Taliban denies reports that leader Mullah Omar is killed
Afghan press report that Mullah Omar is killed in Pakistan, but the reports are labelled as “absolutely wrong” by the Taliban.