Family home: use it or lose it

Comment: New changes to bankruptcy law relating to the family home could soften the regime here

28th February, 2016
Make sure to keep the family home under lock and key Pic:Pixabay

While coverage of the changes recently introduced by the Oireachtas to the bankruptcy regime may have focused on the reduction of the automatic bankruptcy term from three years to one year, a number of other amendments were made which will be of interest to those affected by the process. One of these is the introduction of what has become known in Britain as the ‘use it or lose it’ provision relating to the family home...

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