Are borrowers sinking beneath the raft of new debt rescue plans?

As the Central Bank prepares to launch a new multi-debt restructuring scheme, distressed borrowers may find themselves confused, writes Emma Kennedy.

11th May, 2013

The Oireachtas finance committee is set to investigate the possibility that having multiple strategies for tackling personal debt is counter-productive and confusing for struggling borrowers.

Last week saw the Central Bank announce details of a pilot scheme for tackling various types of debts across multiple lenders. This plan will operate alongside the Central Bank's existing strategy for dealing with mortgage arrears, and is expected to act as a forerunner to the government's new personal insolvency...

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