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.

What is Bankruptcy? Bankruptcy is a process where the property or assets of a borrower 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 sold, the costs, expenses, court fees and

Tipp FM Legal Slot – 20th May 2014 – Bankruptcy.   On Tipp FM John M. Lynch spoke to Seamus on “Tipp Today” about Bankruptcy.   [soundcloud id=’165875748′]   Bankruptcy is now a real way out for those people drowning in debt.  Many people can be mis-informed or simply not know what the process is about. Here is a whistle

Debt Stress causing Health Problems. Is debt stress causing serious health problems to anyone you know?  There is a hidden cost that is not so hidden in our country today.  Ireland is facing a major hangover from the halcyon days of the Celtic Tiger property boom.  Debt stress is becoming a day to day issue for

Legal Column, South Tipp Today, 16th January 2014 This month, in our legal column, we will run a series of New Year’s resolutions articles. It seems appropriate to start the year with an area that we have talked about quite a lot last year – the new statutory Personal Insolvency code.  Lose the Debt and get

Tipp FM Legal Slot – 7th January 2014   John M. Lynch on Insolvency – Do that Deal or Bust! [soundcloud id=’165871426′] Download our – New Year’s Resolution 1: Insolvency – Do that Deal or Bust! – notes This time last year the Personal Insolvency Act had just been signed into law. While it is still early

By John M. Lynch, Principal and Personal Insolvency Practitioner (PIP). For the past number of months we have been bombarded with commentary each day on the new provisions under the Personal Insolvency Act 2012 – When will it come into force?, How will it operate?, What will it cost?, Will it apply to everyone?, Is

Bankruptcy Reform – From Boom to Bust to Recovery – the Irish American Way! In Bankruptcy the property or assets of a person who is unable to pay their debts are transferred to a person who is given charge of the property by the High Court (called an Official Assignee in Bankruptcy) to be sold.

With the downturn in the economy we are hearing every day about the huge numbers of people who are struggling to meet unsustainable debt. Recent figures suggest that there are close on 100,000 mortgages which are deemed to be in “serious arrears”, in other words, they have been in arrears for 90 days or more.

Tipp FM Legal Slot – 3rd September 2013   John M. Lynch, Personal Solvency Practitioner on Banks Clawing Back Mortgage Debts & The Insolvency Process [soundcloud id=’165869581′] Download our Banks Claw Back of Mortgage Debt & The Insolvency Process notes    Last week we spoke to John Lynch who is now a Personal Insolvency Practitioner

As the first solicitor registered as a Personal Insolvency Practitioner (PIP), I am running an Insolvency Information Week from Monday, 16th September to Friday, 20th September.  This will include a free Personal Insolvency and Bankruptcy seminar in Raheen House Hotel, Clonmel, on 19th September at 7.30pm-9pm.  Those who register for the seminar will receive a

[custom_frame_left][/custom_frame_left] Bankruptcy and Personal Insolvency Arrangements are here to stay and can keep our recovery going. The Insolvency Service of Ireland (ISI) started accepting applications from Personal Insolvency Practitioners (PIPs) on Monday, 9th September 2013 As the first solicitor Personal Insolvency Practitioner registered in Ireland I aim to put in place new arrangements for borrowers

Tipp FM Legal Slot – 25th June 2012   Andrea Gleasure on Mortgage Arrears Resolution Process  [soundcloud id=’166753247′] Download Our Mortgage Arrears Resolution Process (MARP) Notes  What is the Mortgage Arrears Resolution Process? The Mortgage Arrears Resolution Process (MARP) is a procedure introduced by the Central Bank of Ireland in their Code of Conduct on

Our Personal Insolvency and Bankruptcy seminars are well underway at this stage and for any of you who have not had the opportunity to attend yet our seminar will be taking place in the Portlaoise Heritage Hotel tomorrow (26th June) at 5.30pm, we’ll be in the Tower Hotel Waterford on Wednesday, 3rd July at 5.30pm; the Cork International Airport