Reduction in Bankruptcy Term to Five Years Begins
Provisions reducing the period of applying for discharge from bankruptcy from 12 to five years and providing for the automatic discharge of bankruptcy after 12 years have been begun by the Minister for Justice. Alan Shatter announced that the new measures, contained in the Civil Law (Miscellaneous Provisions) Act 2011, came into force yesterday. Other, […]
Removing Directors from Office
Did you watch Mad Men the other night? Poor Lane, one of the Partners in the fictional advertising firm Sterling Cooper Draper Pryce got into a spot of financial difficulty with the Inland Revenue. To surmount this he awarded himself an “eleven day loan”. Unfortunately, to avail of his own short term financing model he […]
Bankruptcy and Divorce
An interesting case is currently before the English High Court in relation to Divorce and the payment of maintenance in the context of bankruptcy. A High Court Judge in the case has warned that divorcing partners could avoid paying maintenance if Alexander McRoberts wins a legal test […]
Debt Forgiveness and the Insolvency Bill
It is reported in todays Irish times that AIB has said that it will step up its pace of mortgage write-offs in 2013 by offering customers who are working with the bank the chance to have some of the debt forgiven. We advise all our clients to keep lines of communication open with both their […]
