The Director of the Insolvency Service of Ireland, Lorcan O’Connor. File photograph: Eric Luke / THE IRISH TIMES.

Just 124 deals on debt were done under the auspices of the Insolvency Service of Ireland (ISI) in the second quarter of 2014 according to figures p(...)

Debt resolution

Since the onset of the financial crisis, a striking feature has been the slowness of creditors and debtors to resolve their debt difficulties. Banks h(...)

Barrister Vincent P Martin of New Beginnings:  has predicted an “avalanche” of cases in the coming months once legislation that shortens the bankruptcy terms from 12 to three years is enacted

Hundreds of personal insolvency and debt settlement arrangements are “in the pipeline” following the issuing of the State’s first certificate of prote(...)

If creditors agree to the arrangement, monies are paid out to them over a period of five years after which the debtor is discharged from his debts.

What is believed to be the first ever debt settlement arrangement protection certificate was issued at the Circuit Court in Monaghan yesterday. The ce(...)

Some 57,163 householders are now more than a year behind on payments, while just over half of those are at least two years behind. Photograph: Frank Miller

Lenders stepped up the repossession of homes where mortgages were in arrears in the second quarter, taking control of 223 properties between April a(...)