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McCambridge Duffy Articles

Read some of our debt articles written by our in-house debt-experts.

Appeal a Rejected PIA

When your PIA proposal has been rejected by your creditors and you are left with the possibility of facing Bankruptcy, it can be very worrying. However, it may not be quite the end of the road for you with regards to your PIA... READ MORE...

Attitudes to Insolvency

It is interesting to look at the current attitudes to personal insolvency in Ireland as the third anniversary of the passing into law in December 2012 of the Personal Insolvency Act 2012 looms... READ MORE...

Irish Insolvency Review

It is almost three years since the Personal Insolvency Act 2012 was passed into law in Ireland and it seems like a reasonable time frame on which to look back and assess what has gone well and what has not... READ MORE...

Insolvent Professionals in Ireland 2

The second article in this series looks at some specific professions and how some recognised professional bodies or RPBs view members who are threatened with personal insolvency or who are already insolvent... READ MORE...

Insolvent Professionals in Ireland

This is the first in a series of articles which will look at the potential effects on the career of a professional who is working in Ireland and is threatened with becoming personally insolvent. To start with we will take an overview of the effects of insolvency generally on the professional. READ MORE...

Pros and Cons of a DSA and PIA

Looking at a DSA or a PIA through the eyes of the insolvent debtor reveals the pros and cons of the process. Once the DSA or PIA is accepted at the meeting of creditors and the normally routine approval of the court granted, the debtor can look forward to enjoying a considerable number of advantages, provided they can and do adhere to the agreed terms of the arrangement during the life of the DSA or PIA, as the case may be. READ MORE...

What can a PIP do for me?

Let’s face it, the only reason we have for thinking about a Personal Insolvency Practitioner, (better known as a PIP) is that we have debt problems that we want to go away. The least we want out of any engagement with a PIP is to get our debts restructured and maybe if we are lucky get some of them written off. READ MORE...

Irish Insolvency Amendments

The serious flaw identified in the operation of the Irish personal insolvency system is expected to be put right by amending legislation in September 2014 when the Dail resumes sitting after its summer vacation. READ MORE...

Effects of Bankruptcy

A bankrupt person in Ireland may continue in their current employment or seek new employment while they are bankrupt. However there are some limits on the nature of the allowable type of employment. READ MORE...

Going Bankrupt in Ireland

Bankruptcy in Ireland is a process whereby the ownership of an insolvent person’s property transfers to the Official Assignee in Bankruptcy to be sold for the benefit of that person’s creditors. READ MORE...

Repossession Dos and Donts

Are you struggling to pay your mortgage or do you think you might have trouble doing so in the near future? Are you worried how your mortgage provider will deal with you? Don’t panic. The Central Bank of Ireland has published a Code of Conduct on Mortgage Arrears or CCMA which sets out clearly how your mortgage provider will deal with you in relation to your mortgage payments on your sole or main property. READ MORE...

Comparing a Debt Settlement Arrangement to an IVA

Before the Personal Insolvency Bill 2012 was passed into law in Ireland at the end of 2012, there was a general expectation that the Debt Settlement Arrangement or DSA - one of three completely new measures for addressing personal insolvency - would be almost a mirror image of the remarkably successful Individual Voluntary Arrangement or IVA which has been in operation in the UK since 1986. READ MORE...

First Debt Settlement accepted by Creditors

Monday November 25th 2013 will be long remembered in Ireland as the date when the first Debt Settlement Arrangement or DSA to be proposed by a debtor was accepted by creditors. The debtor can now begin to move on with his life after at least 65% of his creditors agreed to write off a substantial percentage of his debts in return for the debtor agreeing to contribute his surplus income to a fund for the benefit of creditors for a period of five years under the supervision of a Personal Insolvency Practitioner or PIP. READ MORE...

Qualifying for a Debt Settlement Arrangement

A Debt Settlement Arrangement or DSA is one of three new measures in the Personal Insolvency Bill 2012 which was passed into law in Ireland at the end of 2012. The DSA is a largely non-judicial debt settlement arrangement and it was designed to allow insolvent persons to address their unsecured debts with their creditors with the prospect of being debt free and solvent again in a timescale of five or six years. READ MORE...

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