Personal Debt Management: Banks respond to credible threats of bankruptcy
Fees associated with the bankruptcy process may be preventing insolvent individuals from engaging with PIPs.
It is always better to have something and not need it than to need something and not have it. This is certainly the case for Alan Geraghty, corporate recovery and insolvency partner at Copsey Murray chartered accountants in Dublin, who carries out most of his work in direct negotiations with the banks - though the new legislation does provide a certain amount of leverage in every negotiation. ''It differs from bank to bank, though in...
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