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Hello people. It's been a while since I posted on here. I hope your new bankruptcy system is working well for you all. I am still getting enquiries, but in the main I tell people to stay in Ireland and refer them where I can to IMHO. I am getting a lot of calls though from those here. Going...

The simple truth is that once your Order is granted, just wait to have your telephone interview with the OR. The ask the OR to correspond with you via email. They will do that. Then it doesn't matter where you are to answer any further OR questions. In the very vast majority of cases I have been...

Golly It's been a while since I've been on here. On this point, debt pertaining to a mortgage can last for 12 years before Limitation kicks in (12 years for the capital element and 6 years for the interest) and before it becomes statute barred. This is a long time to wait to write off your...

When you go bankrupt in the UK the Official Receiver here writes to the creditors to advise them of that fact. It would be for the creditor to update their systems to reflect the fact that upon automatic discharge the debt has been cleared. The bankrupt should not have to do anything. Steve...

What could probably happen is that the OA will take a formal charge over the property for half the equity, not just then €50,000 equity attributable to the bankrupt. As and when it is sold, the OA would get half the equity at that time. In the UK the non bankrupt generally has a year to deal...

This is precisely the situation in the UK. If it is approved as it should be then there will be no need to move to the UK for bankruptcy. For the life of me I can't understand why this wasn't implemented from day one.

That is the case wherever you live. You have a chance to arrange it in advance which is what we do for our UK clients. Forewarned is forearmed. Never pay more than you need to. Steve

As has been said tho, how on earth do you advise, with this uncertainty. I am referring people back to IMHO, and telling them to wait and see. Wait even longer.... I'm really only advising those now who are here to get on with UK. I think that if anyone hasn't started, I'll tell them to hold...

Thank you for your support. Nothing like being damned with faint praise. I didn't ask for this situation to continue. Frankly I wish I wasn't being called, amazing as that sounds. I have other projects on the go. I'm not profiteering from this but offering a solution many find they can't get in...

That sounds exciting. Something needs to happen as I have taken on 10 new clients in the last two weeks. They are all coming here solely because they want a quick solution. If they could get that at home it would be brilliant for everyone....except me. But hey, I honestly didn't still expect to...

Jim wouldn't the judgement mortgage against the husband just sit against his equity. So if they get a judgement for 200,000 say but there is €100,000 equity in the property held 50/50. Their judgement can only sit against €50,000. The OP still has €50,000 equity in the property. If that is right...

Excellent advice all the way through here from LondonBoy

I was telling the forum about two years ago about the issues up North. One couple I advised moved North with their child, lived worked and schooled and still they were made to wait until 12 months had been and gone before the order was eventually made at a third hearing, I think it has has the...

Hello Pablo21 perhaps I can add some comments. You should speak to the bank about what happens to the shortfall if the property is sold. Their response will determine your options. The default position is that they will require the whole amount repaid. if you can show them you have no prospect...

Hi Mickey, the assets if ever recovered, would go into the pot. The first call on these would be fees!! If there is non disclosure and a discharge, I think it is still open for an OR to bring an action for recovery of sums not disclosed. It could also potentially lead to imprisonment. It is not...

My point was an accumulation of what had ben said beforehand. There was a discussion about who to approach and who you could trust to deliver the correct advice. This was predicated on reports of people getting shocking advice. I fully advise on both countries solutions and as those who meet me...

You would benefit from a chat no doubt. I don't think I'm allowed to post contact details, but I'm sure you can find me. One fly in the ointment with the IVA route is the blocking creditor. Who are your main creditors? How much do you owe each. The iVA works if you have a ready lump sum. It is...

For myself, can I just say that results matter. Ask whoever you use what they have achieved, not what they have done. For me that means 400 UK bankruptcies, more than any irish solution combined. €2.5billion written off in debt. So it's great to talk about what people might do of course, but...

Thanks for posting this Brendan, my website of you wish to attach it it www.irishbankrupt.ie Steve

I would have but was not allowed because I was not resident in Ireland. Just seems to me that there are too many people who are providing advice, when they simply aren't experienced enough to do it. That has the knock on effect of diminishing the qualification for everyone, and the public can...