Sunday May 31, 2020

Ryan proposes voluntary means to tackling debt

The government group set up to consider measures to deal with personal debt is looking at the introduction of individual voluntary arrangements (IVAs)as a less restrictive alternative to existing bankruptcy laws.

17th July, 2010

The government group set up to consider measures to deal with personal debt is looking at the introduction of individual voluntary arrangements (IVAs)as a less restrictive alternative to existing bankruptcy laws.

The IVA system, which is in place in Britain, allows people to reach an arrangement to repay creditors over a period of up to five years. Eamon Ryan, the Minister for Communications, Energy and Natural Resources, said the system of IVAs for unsecured...

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