Insolvency Service

Two thirds of debts to be written down for those entering personal insolvency arrangements

The head of the Insolvency Service Lorcan O’Connor has indicated that the average write down on unsecured debts for those entering personal insolvency arrangements is expected to be two thirds of what is owed. The agency is due start accepting applications on 9 September. From…

New personal insolvency service guidelines are launched

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The Government has launched their new personal insolvency service, which will see new arrangements for overburdened borrowers to reach agreement with their creditors. Applications for the new service will commence by the end of June. The new personal insolvency guidelines say people who enter arrangements…