Personal insolvency: the rules for debt deals

Those who negotiate a debt deal with their bank will be subject to stringent lifestyle assessments over the settlement period, writes Niamh Connolly, Political Correspondent.

24th March, 2013
Alan Shatter, Minister for Justice. Photo: Photocall

Individuals who sign up to the new personal insolvency service to negotiate a debt deal with their bank will not live at subsistence level, but certainly won't live in luxury, according to the guidelines on income and living standards seen by this newspaper.

The personal insolvency guidelines to be issued after Easter by Alan Shatter, Minister for Justice, and Lorcan O'Connor, chief of the Insolvency Service of Ireland (ISI), will form the basis of the...

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