Still weighed down by a debt burden

The economy’s looking up, but tens of thousands of families are still struggling with mortgage arrears

27th September, 2015

Amendments to the insolvency legislation and a new debt advisory service for borrowers are among the latest attempts to solve Ireland’s debt crisis, but will this be enough?

One of the key changes introduced in the Personal Insolvency Amendment Act earlier this year, an independent court review in cases where lenders refuse insolvency deals, is expected to become operational in October or November.

“It is intended to commence it as soon as the...

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