Government plan to limit banks’ veto in personal insolvency cases
The government is to limit the banks’ veto on personal insolvency arrangements as part an effort to reduce an expected torrent of home repossessions this year.
Financial institutions routinely block personal insolvency arrangements, as they tend to rank as the largest secured creditor with majority voting rights.
Independent journalism every day
With digital access you can read The Business Post whenever, wherever, and however you want.
- Unlimited access to all sections of The Business Post on desktop, tablet and mobile.
- Breaking news, comment and analysis from the best Business Post writers seven days a week.
- Live blogs of major news events.
- Videos and podcasts from some of the industry's most respected journalists such as Michael Brennan, Susan Mitchell and Ian Guider.
- Access to The Business Post's extensive archive.
