No end in sight to mortgage meltdown
With new figures showing that as many as 14,000 people could soon lose their homes, a review of personal insolvency law is in progress. But it may not be enough, writes Emma Kennedy
Almost five and a half years ago, as 2012 drew to a close, the Personal Insolvency Act was signed into law with the promise of fresh hope for the thousands of Irish people struggling with problem debt.
It took until March 2013 for the Insolvency Service of Ireland (ISI) to be formally established, and it was September that year before the ISI began accepting applications for the new debt relief options.
Now, half a decade on, Ireland’s...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
The business news you might have missed, all in one place
Content is king – just ask Netflix as rivals attempt to steal its crown
A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures