Your debts are massive. You will never pay them off. You’ve had enough. You have looked at all the options-the new insolvency legislation and debt settlement arrangements. You’ve decided bankruptcy is for you. It’s your only realistic option. But how do you actually go bankrupt? What forms do you fill out? Where do you send … Read more
If you are thinking about going bankrupt in Ireland, this piece will give you the essential information you will need. Elsewhere on this site you can find more information about bankruptcy law in Ireland. But this piece aims to give you the meat and potatoes of what’s involved in you choosing to go … Read more
The Personal Insolvency Act, 2012 has been hailed as a solution to the debt problems faced by many individuals and families in Ireland. Is it? That remains to be seen. But we will have a better idea when the Insolvency Service of Ireland is up and running and the first applications for Debt Relief Notices … Read more
Bankruptcy is a commercial reality facing many people in Ireland today. And the number of bankruptcies is increasing dramatically. Because going bankrupt has the wonderful advantages of simplicity and finality-your debts are wiped and set at 0 and you get to start again, once you have been discharged. What is bankruptcy? Bankruptcy is a process … Read more
Debt collection in Ireland is a serious problem today, both for creditor and debtor. The pressure on the cash flow of many businesses and sole traders, especially with the banks in Ireland effectively closed to many SMEs, can lead very quickly to a major cash flow problem. Common questions in relation to debt collection in … Read more