Thursday 19 July 2018

Insolvency pace rising

debt management

The Insolvency Service of Ireland admitted it had got off to a slow start, but said the rate at which debt deals are being agreed has now picked up.

It said 120 arrangements for stricken borrowers were approved in the April to June period this year.

Twenty-seven of these deals involved mortgage debt, in a so-called personal insolvency arrangement (PIA).

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