personal debt

Insolvency Service of Ireland begin taking applications

The Insolvency Service of Ireland has begun taking applications today from people who want to restructure their debts. Personal debt is a big problem in Ireland, with more than 100,000 people in some form of arrears with their loans. The new insolvency regime is…

Sinn Féin TD describes government's response to mortgage crisis as "inadequate"

General, Home, Mortgages & Money, Property News

Sinn Féin Justice spokesperson Deputy Pádraig Mac Lochlainn has described the government’s response to the mortgage crisis as “clearly inadequate” Speaking during a debate on the Personal Insolvency Bill, the Donegal North East TD said: “"This bill will be a disappointment for the overwhelming majority…

No early access to be granted to pension funds

Mortgages & Money, Property News

Calls by the Irish Brokers’ Association to allow indebted households to get access to their pension funds have been dismissed by the government. The IBA told an Oireachtas Committee last week that allowing people early access to their retirement savings would encourage people to save…