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thanks for all comments, it was an idea, a hypothetical idea and thanks again for Feedback. to answer this specific comment, no sir it’s not a humblebrag. The house is worth 700k(others in the are are 850+) and it is in need of massive refurbishment. We have been quoted €250-300k minimum from...

Hi folks we cleared our mortgage last month, house is 5 bed semi in South Dublin, value approx 750,000 we are looking to move on as the house needs work done to it. I had an idea of keeping the house, renting it out and buying somewhere else of the same value taking out a new 20yr about us The...

I found out the judgement was made against the company name ABC Limited, no mention of my wife on the judgement itself.

Hi folks, my wife(really) is a company director of a family business, it’s her dad’s company and she is the second director. The company is insolvent, hasn’t been trading for the past year and now she has a judgement against her for unpaid rates, 50k how will this affect her personally? Will...

Hi folks, myself and my wife, both working ft with combined salary €85,000 with 1 dependent. our house is located in South Dublin and we have €12k left on the mortgage. It was part paid by my wife’s father and market value around €700,000. The house is in need of refurbishment, with a lot of...

Hi folks I have a secured company loan with 28k remaining & 4.5k overdraft I have 2 personal loans with 25k remaining The house mortgage between my wife and 1 has just 18k left and we want to remortgage to do up the house, we are both directors of the company - no longer trading but we are...

Hi all, I have a question in relation to this thread, the OP is a director of both A & B companies but what if company A loaned company B money each with different directors? I.e no connection of directorships

Thanks for the reply How would it work if I was to give away the part of the business to the other party for free and charge a consultancy fee for services which i will be providing afterwards?

Hi all I have a limited company and number of business operating as part of the company. One of which is an online booking service, I was hoping to sell this part of the business as an "intellectual property" sale i.e website, branding, domain names without selling any of my company, there...

Hi folks Sorry for the delayed response sorting out a few things.. thanks for all your input and suggestions. My wifes house is not up for discussion, it has the value and the low mortgage but it is not going to be sold. if it was my decision yes it would be sold but its in her name and it...

Hi thanks Revenue is about €2k, Sheriff €3k (postdated cheques) and sub contractors at this moment around €2,500 Pension is an self employed executive pension I setup about 2 years ago. Office is a shared office in town place of work but I am finishing up here at the end of the month and going...

Thanks, we discussed last night.. we are going to meet with bank on Friday to see what they can advise about any consolidation of the loans and spread out over X amount of time.. this is something i dont want to do as there is only 18 months left but her thoughts are that there is not enough...

Hi Brendan Sorry im getting mixed between personal guarantee and secured on. I thought they were the same. The Business Term €38970, was personally guaranteed at the time with myself and my wife as co-director 3 years ago. Not secured on the home but they took into account she was a homeowner...

Limited company 90% me, 10% my wife The business has an established name, and would be an ongoing concern. The right person could take it over, this would be my preferred option to sell or move the business on. The industry is not regulated and competitive, think car valet or window cleaner - I...

All Loans are secured Yes very little income House and mortgage is my wife's name but her father pays it each month My wife is co director of my business but with no involvement, she works full-time and has her own income €800 p/w She is going on maternity leave in December

Thanks I'm 38, I am still running the business but not making anything as I have to sub out the work, I won't be able to return to work like I was before indefinitely. I have another business that I am able to do full-time and building on that but it's not making enough to live on, I'm living...

Income details Net monthly €1000 Income self:self-employed Income history: Injury since January 2017 Net monthly income partner/spouse: nature of income Income history: Amount of child benefit received 0 Amount of Mortgage Interest Supplement received 0 Personal circumstances so we can...

Hi all, I've currently got 3 business loans (personal guaranteed), overdraft and credit card.. the 3 loans, I have about 18 months left. my business involves me working physically and the loans were taken out on the assumption of me physically being able to carry out the work form now til...