Results for Ireland
- Dail 'Will Rush To Fix Defect In Insolvency Legislation'
A defect in the personal insolvency legislation that gives banks extra powers to vote down debt deals will be fixed, officials have pledged. The Department of Justice insisted the change to the personal insolvency legislation will be given priority when ...
Daily Headline - global.abi.org - 07/22/2014 - 21:46 - 0 comments
- New Law To Protect Borrowers Whose Loans Were Sold
The Government is planning new legislation to protect borrowers whose loans were sold to unregulated financial entities in the wake of the crash, the Irish Times reported. Up to 10,000 mortgages are now controlled by institutions which are under no o ...
Daily Headline - global.abi.org - 07/21/2014 - 18:48 - 0 comments
- Central Bank Warns Of Mortgage Arrears Timebomb
The Central Bank has warned of a potential mortgage arrears time bomb as the high number of interest-only loans taken out during the boom revert to full-repayment arrangements, the Irish Times reported. While interest-only arrangements have been wide ...
Daily Headline - global.abi.org - 07/16/2014 - 22:04 - 0 comments
- Insolvency Service Not Doing Enough To Help Those In Debt
When the Insolvency Service of Ireland (ISI) came into being over a year ago, the then minister for justice, Alan Shatter, said it was the “light at the end of the tunnel” for tens of thousands of distressed borrowers who were no longer able to service t ...
Daily Headline - global.abi.org - 07/15/2014 - 21:30 - 0 comments
- Just Over 100 Insolvency Deals Done In Three Months
loans - saw anywhere between 0 and 61 per cent of the residual debt being written off. The average ...
Daily Headline - global.abi.org - 07/14/2014 - 19:53 - 0 comments
- ESM Not For Legacy Debt, Say Bundestag Figures
Senior Bundestag figures in Berlin have said the ESM bailout fund’s new power to recapitalise banks – in the future and retroactively – is a political “fig leaf” that will never benefit Ireland, the Irish Times reported. Their resistance comes a day ...
Daily Headline - global.abi.org - 07/10/2014 - 23:03 - 0 comments
- Liquidation Of Setanta Insurance Could ‘Take Some Time’
The liquidation of Setanta Insurance, which collapsed in April of this year, may “take some time”, director of consumer protection at the Central Bank Bernard Sheridan said today, the Irish Times reported. Speaking before the Joint Oireachtas Committ ...
Daily Headline - global.abi.org - 07/09/2014 - 22:31 - 0 comments
- Insolvency Regime Needs Overhaul, Says Committee
The Government needs to overhaul the new insolvency regime and amend the mortgage-to-rent scheme to help resolve the mortgage arrears crisis in Ireland, according to the Oireachtas finance committee, the Irish Times reported. These are two of the mai ...
Daily Headline - global.abi.org - 07/09/2014 - 00:18 - 0 comments
- Permanent To Ensure Springboard Buyer Abides By Code
Permanent TSB will ensure that the buyer of its Springboard sub-prime mortgage portfolio will sign up to the terms of the Central Bank of Ireland’s code of conduct on mortgage arrears (CCMA), the minister for finance Michael Noonan has said, the Irish ...
Daily Headline - global.abi.org - 07/06/2014 - 21:59 - 0 comments
- Judgment Reserved In Central Bank Case By INBS Ex-Director
Judgment has been reserved on the Central Bank’s move to stop a former director of Irish Nationwide Building Society pursuing it for an indemnity against any award of damages against him arising from alleged delegation of powers of the Board of the Socie ...
Daily Headline - global.abi.org - 06/29/2014 - 23:46 - 0 comments