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Thanks to Matthew and Stuboy for their responses thus far! Interesting to see that the 'IPA04 Income Assessment Form' has the following line - 'Self-Employed Income - Management Accounts for last quarter and Last Tax Return'.. While i'm currently earning rent from the properties i let - this...

..yes, exactly during the 1 year bankruptcy period. So, do i take from your post - that from the date of being declared a bankrupt - there is no more communication between I and the OA, ISI - unless i get extra income over my agreed RLE amount? Also, what event is it that i use as the date...

Hi folks, Just in relation to the above, if i went bankrupt and the OA found that my income was under the Reasonable Living Guideline amounts - at what date after bankruptcy would the OA come back and check if i'm earning more than the RLE's? Every month for 1 year, every month for three...

Get on over to PriceSpy.ie, register your details and stick on some alerts to 'push' same to PriceSpy's app (that you can download to your 'phone) Not too sure of the quality - but there's a 50 inch LED 3840x2160 (4K Ultra HD) that you can get shipped to your home for €453.99 on there at the mo..

What' the issue with BTL contracts that makes PTSB unable to appoint receivers to repossess BTL's quickly? Anyone got specifics on this? I got a letter recently stating that they'll appoint receivers to our BTL's. So any info on the above would be more than welcome. An audio clip from...

OP 'q' has not been answered.. Namely.. So if one is obliged to resign as a company director prior to start of bankruptcy - and there are no other 'directors' - what happens to the company? I might also add, if the OA requires the company to be sold - who is it that has to do this? Sure...

I took on a PIP who was quite courteous and suggested a PIA, but I told him not to bother until I had clarification that bankruptcy term was being reduced - which to date - has not happened. So basically another 6 months, year (who knows) will go by - until.. A) rent receivers / bankruptcy...

I have no time for anyone who wishes to deny their own concious deliberation in signing up to a mortgage.. Added to that, I can completely understand why folk - like me, would strategically default on agreements made, in light of the 'present' circumstances in their life. As i've stated before...

Negative Equity is one solid reason..

"Debt Defying Defaulters" ;)

I would disagree there with that.. IT IS in the interests of strategic defaulters to improve their prospects post bankruptcy, whenever that move is made by the bank.. Having 'payment orders' brought down to one year to match proposed one year bankruptcy term - would release 1000's of...

Again, spot on analysis by Andy> But your 'thought' re: ..should carry the proviso that all these mortgages should - A) become non-recourse B) with no short fall chased upon voluntary sale and c) credit rating not affected. If the above (or a variation thereof) is not included in a 'fix the...

Excellent intelligence there Andy > On a similar vein of 'costs' - i'd love to know what it costs a bank to reposess property and / or petition bankruptcy.. For example, what financial forcasting methods do they use when assessing 'cost' of repossession route with PDH / BTL's - that are in a...

Yeap, going in the right direction > .. but not far enough. Payment Orders should be reduced to 1 year as per proposed 'bankruptcy term'.. Why bother entering voluntary bankruptcy now - unless Payment Order periods post bankruptcy are slashed? Why voluntarily reduce ones standard of living...

My take - being a "strategic / delinquent defaulter"; is that payments at least equal to 'interest only' should be paid regardless of one's situation re: equity in property (negative or positive). I would hold out 'anecdotally speaking' - that IO payments to lender are FAR less onerous then...

Yes, to a point.. Banks sole purpose to increase profits and distribute same to shareholders after costs and staff total compensation is paid (AKA ridiculous salaries for 'top brass' and associated egregious 'bonus' culture). To think that 'for-profit' banks as an institution - have any moral /...

Hi Nick, you should look at [broken link removed] and see the blog of one man's experience of Scottish bankruptcy which is a lot more forgiving than English bankruptcy law. I mean all you need is a UK bank account, some mate to employ ye on basic wage for 3/4 months, bank transactions in...

I've no evidence; just surmising from all I've read - that the banks are loathe to crystallise loans in negative equity.. Better that some regular payments are made (however small by debtor) in the hope that in time, assets appreciate to wipe out negative equity.. I just don't see the...

From conversations i've had with other BTL investors, none of them will 'willingly' enter a 3 year bankruptcy / 8 year payment order situation. Why go bankrupt now, voluntarily? Much better to being forced by the banks at their expense and time - the ultimate outcome being pushed out ad...

Absolutely. I said this to all my tenants with whom I've a good relationship. If receivers attempt to collect rent the following scenario would kick in.. 1. House with highest value would be named as PDH / PPR. Solicitor stated that this would force bank to use MARP process thus delaying...