Any Irish Bankrupts here

Silvio, thank you for speaking about your experiences of the Irish system. I hope to be adjudicated by the end of the year myself. I was a little over eager and paid the OA last year when the rules changed but due to personal reasons I have been unable to advance past the lodging forms in draft with the examiner stage.

I am interested to know, has there been any mention of an early discharge from bankruptcy once your affairs have been dealt with?
 
suarez said:
It's 6 months of hell in the UK, as opposed to 1 and half years. I returned after 6 months and there wasn't a problem. Of course, there is the one year discharge period after bankruptcy - but that can be spent in Ireland.
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Well 6 months is nothing, I thought you had to stay there for longer, can you tell us your story.
 
Silvio Dante said:
Hi Michael,

Yes, I have completed almost a year.
Curate's egg but probably more good than bad experience.

Be very careful of one area.
Pensions.

Despite most commentators saying pensions are safe under the new legislation this simply isn't the case and the OA will sell your pension for whatever crap surrender price he can get fully taxed at age 50

I am currently writing to a number of TDs and Senators who were very engaged in drafting with a view to having this overturned.
It was never the intention or spirit of the new legislation to have done this and one TD has admitted he had never spotted the small section that allows the pension to be seized if you are over 47 years old when made bankrupt and called it "sneaky"

I am very new to this forum so maybe PM initially.
I posted what I thought was an important question on positive equity a month ago which is absolutely vital to me but didn't get a single reply so a little reticent now.
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Hi Silvio,

From reading the post I noticed you have declared bankruptcy.

My name is Nicholas Sweeney and I am a full time Irish student currently in final year of a Bachelor Of Business in Finance.
As part of completion of the course I have to write a dissertation and the area I chose was bankruptcy.

I am investigating options available for Irish people to declare bankruptcy here in Ireland or for an irish individual to declare bankruptcy over in The UK/English Bankruptcy Law. The bankruptcy tourism phenomenom.
I was hoping you might the time or the availability to oblige to answering just a few short questions regarding the whole aspect of it.?
I would be extremely grateful as you would be helping very much with regard to my studies.
Thank you.

Anonymity will be provided for all answering of the questions and this will be solely used for studies for my degree.
 
Silvio Dante said:
Hi Michael,

Yes, I have completed almost a year.
Curate's egg but probably more good than bad experience.

Be very careful of one area.
Pensions.

Despite most commentators saying pensions are safe under the new legislation this simply isn't the case and the OA will sell your pension for whatever crap surrender price he can get fully taxed at age 50

I am currently writing to a number of TDs and Senators who were very engaged in drafting with a view to having this overturned.
It was never the intention or spirit of the new legislation to have done this and one TD has admitted he had never spotted the small section that allows the pension to be seized if you are over 47 years old when made bankrupt and called it "sneaky"

I am very new to this forum so maybe PM initially.
I posted what I thought was an important question on positive equity a month ago which is absolutely vital to me but didn't get a single reply so a little reticent now.
Click to expand...
Hi I was just wondering does this apply to all pensions both private and public sector pension?
 
epicaricacy said:
Hi Nick

I successfully petitioned for bankruptcy in the UK and am willing to answer questions.
Click to expand...

Hi epicaricacy

Thank you for that I am extremely grateful and this is extremely helpful. Would you like to private message me with your name and I will reply with the questions. Thank you very much for your time & courtesy.

Nick,
 
suarez said:
It's 6 months of hell in the UK, as opposed to 1 and half years. I returned after 6 months and there wasn't a problem. Of course, there is the one year discharge period after bankruptcy - but that can be spent in Ireland.
Click to expand...

Hi Suarez,

From reading the post I noticed you have declared bankruptcy in the UK.
My name is Nicholas Sweeney and I am a full time Irish student currently in final year of a Bachelor Of Business in Finance.
As part of completion of the course I have to write a dissertation and the area I chose was bankruptcy.

I am investigating options available for Irish people to declare bankruptcy here in Ireland or for an irish individual to declare bankruptcy over in The UK/English Bankruptcy Law. The bankruptcy tourism phenomenom.
I was hoping you might the time or the availability to oblige to answering just a few short questions regarding the whole aspect of it.?
I would be extremely grateful as you would be helping very much with regard to my studies.

Thank you.

Anonymity will be provided for all answering of the questions and this will be solely used for studies for my degree.
 
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