You need to provide this information to get a meaningful answer
ncome details
Net monthly (i.e. after tax) Income self: nature of income e.g. self-employed/public servant etc
Income history: e.g. "I was made redundant in June 2011 and have not had any work since..."
Net monthly income partner/spouse: nature of income
Income history:
Amount of child benefit received (Should be €130 per child)
Amount of Mortgage Interest Supplement received (MIS is the social welfare payment to unemployed people, don't confuse with TRS)
Personal circumstances so we can calculate your reasonable living expenses
The Insolvency Service has published Guidelines for Reasonable Living Expenses based on the family size, whether or not you need a car for work, childcare costs and other exceptional circumstances. By filling in this information, we (or you ) can calculate what your reasonable monthly living expenses should be.
One adult family or two adult family
Do you need a car for work or do you use public transport?
Number of children 0- 2 years old:
Number of 3 years old children:
Number of 4 - 11 years old:
Number of 12 - 18 years old:
Monthly childcare costs:
Montly spend on special circumstances: e.g. exceptional healthcare costs
Home loan
Lender:
Amount outstanding:
Value of home:
Interest rate: specify whether tracker or SVR or fixed rate
Monthly repayment
Amount in arrears
Summary of discussions and agreements with the banke.g. in Marp since Jan 2011 . Have been on interest only since then.
Investment property - Delete if not applicable
Lender:
Amount outstanding:
Value of home:
Interest rate:
Monthly repayment
Amount in arrears
Monthly rent received
Credit Union
Amount of shares
Amount of loan outstanding
Monthly repayment
Term left
Other loans and creditors - delete those which don't apply to you
Overdraft - amount outstanding:
Credit Card - amount outstanding
Credit Card - monthly amount you are paying
Term loan Amount outstanding
Term loan term left
Term loan - monthly repayment
Term loan - interest rate
Family loan - amount outstanding
Family loan - monthly repayment
Other savings and investments
Do you expect any lump sums in the medium term future?
Redundancy, inheritances, injuries awards.
How important is retaining the family home to you?
Which of the following best describes your situation?
I don't care about keeping the family home.
I would like to keep it, but will get rid of it if it means I can get rid of the mortgage associated with it.
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
For example: "I will never be in a position to repay the home loan. So I want to sell the house and deal with the shortfall"
