Meanings of personal insolvency in English

A CROSS-PARTY Oireachtas committee will today recommend several key changes to the Government's draft personal insolvency Bill.

Instead these will fall under the remit of an expanded role for the new personal insolvency judges.

A London court declared Mr O'Mahoney bankrupt on October 15th last, according to the UK personal insolvency service.

Minister for Justice Alan Shatter has confirmed there is no barrier to gardaí entering the personal insolvency process.

The first protective certificate for a personal insolvency case involving mortgage debt has been issued by the courts..

Borrowers will now be able to apply for a court review when a creditor rejects a personal insolvency proposal.

Mr Kenny said he expected the doors of the personal insolvency agency to be open for business by early summer.

Announcing the package of measures, the Minister said they "complete the reform of our personal insolvency and bankruptcy legislation".

The Insolvency Service of Ireland (ISI) received 239 applications for personal insolvency arrangements, debt relief notices and debt settlement arrangements.

Sir, -The personal insolvency legislation was signed into law by our President on December 26th, 2012.

The insolvency service will oversee the personal insolvency processes outlined in the Bill, liaising with appointed debt advisers and the courts system.

The High Court has approved a personal insolvency arrangement (PIA) for a businessman with debts of more than €2 million.

And there should be "clear evidence of good faith by the borrower" in prior engagement before entering the personal insolvency process.

The Central Bank has published a new plan aimed at helping those in financial distress but who do not qualify for personal insolvency.

Legislation reforming personal insolvency to be published by the end of April 2012 (previously March 2012).

A High Court judge has reserved judgment on a personal insolvency arrangement application by musician Frank McNamara and his barrister wife Theresa Lowe.