A recent High Court case has brought about a change in the status quo involving personal insolvency arrangements and separated spouses. Banks were previously unable to complete deals with one spouse without the mutual cooperation of both parties. However the decision of JD & Personal Insolvency Acts1 has altered this position.
Ireland, Banking, Insolvency & Restructuring, Litigation, Hayes Solicitors, Bankruptcy, Debtor, Unsecured debt, Mortgage loan, Secured loan, Write-off