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

17th June, 2018
2
Many families are still drowning in mortgage debt

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...

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