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 & Insolvency
Personal Insolvency Arrangements – How they Work
Friday, 14 August 2020
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.
- Published in Bankruptcy & Insolvency
A Guide to Insolvency
Saturday, 08 August 2020
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:
- Published in Bankruptcy & 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 & Insolvency
Road Traffic Accident and Personal Injury Claims
Wednesday, 26 October 2016
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
- Published in Personal Injury & Litigation
Before I go Bankrupt – How the law views transactions prior to bankruptcy
Wednesday, 30 March 2016
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
- Published in Bankruptcy & Insolvency
The Family Home and Bankruptcy Part III: Protections for the Family Home
Tuesday, 29 March 2016
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
- Published in Bankruptcy & Insolvency
The Family Home and Bankruptcy Part II: The Role of the Bank
Tuesday, 29 March 2016
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
- Published in Bankruptcy & Insolvency
The Family Home and Bankruptcy Part I: The role of the Official Assignee
Thursday, 03 March 2016
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 & Insolvency
One Year Bankruptcy
Friday, 29 January 2016
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
- Published in Bankruptcy & Insolvency
The End of Bankruptcy Tourism – One Year Bankruptcy Is Here
Thursday, 10 December 2015
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.
- Published in Bankruptcy & Insolvency
One Year Bankruptcy Reform – A Welcome Change
Monday, 30 November 2015
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
- Published in Bankruptcy & Insolvency
Change in the Bankruptcy Law – A positive development
Wednesday, 11 November 2015
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
- Published in Bankruptcy & Insolvency
Recent Developments: Insolvency, Repossession and Actions of the Bank
Friday, 29 May 2015
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
- Published in Bankruptcy & Insolvency
Debt Solutions: Insolvency and the Bank Veto
Wednesday, 20 May 2015
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,
- Published in Bankruptcy & Insolvency
