Ms S split from her ex partner in 2012. It was a difficult break up and he refused to leave the mortgaged property. Ms S was left with no choice but to move into rented accommodation with her child at the time. Unable to pay both her rent and towards the mortgage, her ex reassured her that he would keep up with the mortgage repayments. Unfortunately, this proved not to be the case and no mortgage payments were made since she left the property.
In 2017 her ex moved out of the property. Ms S returned to the house and tried to make a go of salvaging the situation. She has been making mortgage payments ever since, but it has been a big struggle due to the amount outstanding. She contacted us in the hopes that we could help with the unmanageable repayments and find a solution to her problem.
We were able to negotiate a successful 24 month PIA where her:
She has remaining unsecured debts of €79,387 (from the mortgage write off) where she will contribute payments of €430 per month for the duration of the PIA. On completion of the PIA any remaining unsecured debt will be written off.
Established in 1932, McCambridge Duffy is a family run company. We specialise in helping individuals and companies navigate the Insolvency process, to manage and overcome financial difficulties. With our dedicated team of advisors and financial experts, you can rest assured that you are in safe hands, during what is often considered a very difficult time.
Having helped thousands of clients achieve a fresh financial start, we have built a reputation for excellence, so no matter what the challenge, we will work with you to discover a clear path towards financial stability and peace of mind.
We have 4 Personal Insolvency Practitioners (PIPs) in house, who are authorised by The Insolvency Service of Ireland (ISI) to advise on all Insolvent matters. Your PIP will guide you through the Insolvency process from start to finish. It is not possible to avail of the various Insolvency solutions available in Ireland, without the services of a PIP.
We have 2 main departments within McCambridge Duffy, one that deals with Personal Insolvency and the other that specialises in Corporate Insolvency.
We have a dedicated team of experienced advisors who can talk you through the various solutions available, for addressing your financial difficulties. We offer personal debt solutions that can help deal with unaffordable mortgage debt, arrears, repossession and also deal with unsecured debts such as credit cards, loans etc...
Initially we will discuss your situation with a view to determining what type of solution you might need and the options available. We will explain everything thoroughly and give you the materials and time you need to think through your best course of action.
Contact us
Running a successful business isn't easy and from time to time, circumstances can arise that lead to financial challenges. When this happens, you might need guidance and support on how to navigate this type of situation. We can help guide your business through those difficult financial times.
With the help of you and/or your professional advisor, such as your accountant or solicitor, we will discuss and assess your needs, and work together in finding the various options you have availble.
Contact us
