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I believe it was granted as I had no income after Reasonable Living Expenses...

Can anyone shed any light for me on this, as it's a Friday Eve and I can't get answers now for weekend :-/ I successfully completed my 3 month insolvency recently. During that time I recieved no correspondence from the banks (as it should be). I recieved notification of my completion etc on 30th...

Quick bankruptcy question Suppose a person has zero disposable income after RLEs are applied - this qualifies them for bankruptcy as there is no money available for a PIA. So when declared bankrupt ,I assume there is no payment order - after 12 months has passed I assume you are reviewed at...

This hasn't come into law though yet am I correct? I phoned insolvency service Ireland and they have said that it's not in force yet, and couldn't tell me when either ? My pip is waiting on this before putting an application in.

Could someone throw some light on my original question though... IF I surrender the property ...will the bank make me wait until the property is sold by them at market value or whatever before I can look at a DSA then ? If so, how am I protected from my other debts in meantime ?

Apologies. Yes, it is my only property but due to a break up I have not resided there for many years. Yes, I owed money to revenue but this has now been sorted - the amount was very small. I do not wish to keep the house as I could never afford to live there alone and pay the commute to work...

I have personal unsecured debt of circa 30k and a mortgaged property balance standing at 310k but valued at 150k. I have a pip working on putting together an insolvency proposal. The bank have agreed to a voluntary surrender but obviously I would still be liable for the shortfall. Is it ok to...

Thank you It's a "Claim Notice" I have 28 days to either get my pip to get in action or file an "appearance " and defense in form 42.03 schedule c of district court rules. I have no clue what that means so I contacted court office and they said if I don't do that "file an appearance "... The...

Apologies if this is in wrong section - but it is in a way related to insolvency. After attempting to resolve my disastrous financial situation with over a year and almost that length of time dealing with a PIP - I have asked my PIP to lodge a personal insolvency proposal for me which I hope can...

So far, by asking them "informally" they have said the only option they will entertain at present is the voluntary surrender of the property, and that they will look at the shortfall ONLY after the sale. The documents they sent me to sign specifically state I will be fully liable for any...

Looking for some advice please. I am currently looking at bankruptcy / insolvency options. It looks pretty likely that insolvency arrangement will be refused. If this is the case I will be filing for bankruptcy. I have no interest in the home I jointly own with my ex partner which is now...

Can someone tell me what is the point of being discharged from bankruptcy after 3 years if they can and will put a 5 year payment order on you ? I assume correctly that the payment order would equal all of your disposable income - therefore you'd financially be in the exact same position as you...

Looking for some help as I am SO confused right now. I've been in consultatations with a PIP over the last few months because of my debt. I own a property with my ex partner which for many years neither of us could afford to live in since the split. We are each renting elsewhere. I also...

I don't really understand the 3/5 year thing with bankruptcy. How is it determined if they will extend payments for 5 years? Let's say for example I'm declared bankrupt , I live within the reasonable expenses guidelines and they take what little surplus is left over and say this is for 5...

And if this is the case, say bankruptcy is 3 years but they expect payments for 5...if I got married after year 3 does the same apply ? Is it 3 years or 5 years?

So, say for example at the moment I may be allowed in region of 1000 per month as a single person, plus (just example) 600 eur for my accommodation . I take it once married it would be assumed that you live together and therefore whatever property I'm renting I would then only be allocated...

If I were to somehow still manage a personal insolvency arrangement - would the same apply if I got married ?

Thanks Jim I have consulted with a PIP and submitted my financial details and he feels that there is no way of working an insolvency arrangement as there isn't really any money left over after he deducts the Reasonable Living Expenses and what I am paying in rent. I may have some chance...

Quick question re bankruptcy ... As a public service employee , is my pension safe? I am 30 yrs old In the bankruptcy term of 3-5 years (5 years if there is an attached payment order ) - if I get married within that term does my situation remain the same or would a partners income be...

Is it possible to send private messages on this board Bronte?