Debt
# debt - Thursday 16 May, 2013
Jim Corr on €778k debt: “I’m a musician, I’m not good at figures”
The judge in the case said he found it difficult to understand how Corr lives rent-free in a home owned by a friend.
# debt - Tuesday 7 May, 2013
137 jobs saved as 12 out of 24 Pamela Scott shops exit examinership
The company also announced plans to expand by opening up to six new stores in next 18 months.
# debt - Sunday 5 May, 2013
Extract: How I got back in the driving seat with the banks
Revealing personal and confidential details in his new book, George Mordaunt talks about his own debt recovery programme and his struggle with the banks. He says debt resolution exists and questions why more don’t know about it.
# debt - Tuesday 30 April, 2013
Debt advice service sees people trying to cope ‘breaking down in tears’
New Beginning have organised free, debt advice seminars across Ireland.
# debt - Friday 26 April, 2013
Consumers and firms ordered to pay over €44m to creditors last month
Vision-net figures show that banks accounted for over half the value of all court judgments awarded against consumers last month.
# debt - Wednesday 24 April, 2013
Debt advice service threatened with funding cuts in agreement dispute
Companies funded through the Citizen’s Information Board have been given two months to sign service legal agreements to ensure funding.
# debt - Tuesday 23 April, 2013
Extract: The 5 emotional stages of debt
Determination, resolve and belief is what you need to overcome your debt problems, says financial expert Liam Croke who has some tips to help.
# debt - Sunday 21 April, 2013
Nick Leeson: I’ve observed the need for debt solution – now I’m acting on it
Former trader Nick Leeson explains why he has begun to work as a mediator between indebted people and the banks…
# debt - Saturday 20 April, 2013
Boston, borrowing and giant snails: The week in numbers
Plus – find out why a French cabinet minister will be writing a cheque to Phil Hogan…
# debt - Friday 19 April, 2013
Column: The insolvency process should be a competent public system that ensures everyone has access
The Personal Insolvency Practitioners (PIP) will not be given prescriptive rules around charges, meaning the person who is really in trouble and has no funds could be left on the insolvency scrap heap, writes David Hall, who says there are a number of issues that need to be changed immediately.
# debt - Thursday 18 April, 2013
Column: ‘I thought I did everything right – so why have I ended up here?’
Aoife O’Connor has gone to college, got good results, borrowed money to get more qualifications by doing a postgrad, but she still finds herself with no job. Here she asks why she can’t catch a break?
Struggling borrowers may have to move house, sell car and change creche to enter new insolvency process
The new guidelines do NOT, however, require one parent to give up work if their childcare costs more than they earn.
PIC: How much a single person can spend under the new insolvency rules
The Insolvency Service of Ireland has published its guidelines for spending limits to qualify for the new procedures.
# debt - Wednesday 17 April, 2013
Extract: I’m in massive negative equity and I may lose my home, but I won’t lose hope
Single Irish mother, Jillian Godsil, who tried to sell her Georgian mansion on YouTube, has documented her personal slide into insolvency in a new book, Does my Debt look big in this? Here she writes about debt and never giving up.
Leading pro-austerity academic paper may have included fatal Excel error
A 2010 paper by Carmen Reinhart and Kenneth Rogoff found that growth falls dramatically as debt increases. Or does it?
# debt - Tuesday 16 April, 2013
# debt - Friday 12 April, 2013
Mortgage holders in arrears are older and more likely to have children – report
A survey conducted by MABS indicated that over 36 per cent of mortgage clients were unemployed.
# debt - Monday 8 April, 2013
Portugal PM announces severe spending cuts
As the EU warned the debt-hit nation to respect the aims of its international bailout.
# debt - Thursday 28 March, 2013
Column: The cost of childcare is already forcing some parents to give up their jobs
Enda Kenny’s attempt to reassure women over the insolvency controversy does not go far enough, writes Irene Gunning, who says without any form of subsidy, supports or tax relief, childcare costs are borne fully by parents, limiting job options.
Cypriot banks brace for reopening with cash withdrawals capped at €300
Armed security guards have been posted, but there was no sign of customers queuing early for access to their cash.
# debt - Saturday 23 March, 2013
Real Madrid to sue Fuentes over debt claim
Fuentes is currently on trial on charges of endangering public health by performing blood transfusions on cyclists.
# debt - Tuesday 12 March, 2013
Michael Noonan to reveal the plan to tackle mortgage arrears
Taoiseach Enda Kenny said the government will make a statement this week about what will be done to help people who have fallen behind on repayments.
# debt - Friday 8 March, 2013
Liverpool debt won’t stop Rodgers spending
The Reds’ annual accounts, published on Monday, showed a loss of £40 million.
# debt - Wednesday 27 February, 2013
Column: The ‘vulture fund’ eyeing Argentina – and what it means for other indebted states
A New York court will today influence the economic future of Argentina in a case that will have wide-ranging ramifications for other indebted nations, writes Nessa Ní Chasaide.
Here’s what being in Westlife could’ve bought you…
Shane Filan’s home in Carraroe, Co Sligo is going for just €990,000, a steal when compared to the €3 million it cost to build.
# debt - Tuesday 26 February, 2013
Paraic Duffy: ‘I don’t think clubs will go under’
The GAA’s Director-General has admitted it is a huge concern the financial pressures that are being put on the grassroots of the association.
# debt - Saturday 23 February, 2013
Column: The correct handling of the promissory note savings is vital for Ireland
The knowledge that there is now €1 billion of wiggle room on the table could promote further reluctance to change, writes Aaron McKenna.
# debt - Thursday 21 February, 2013
The 5 at 5: Thursday
5 minutes, 5 stories, 5 o’clock…
# debt - Tuesday 19 February, 2013
AIB commits to working out deals for mortgage holders in arrears
The bank said today it has built up a staff of 300 people dedicated to supporting customers in difficulty.
# debt - Wednesday 13 February, 2013
Column: Government needs to impose proper rules and regulations on lenders
Comments by the Central Bank Governor and the Taoiseach reveal unhappiness over how lenders are dealing with their customers’ over-indebtedness – so why is nothing concrete being done to regulate them, asks Noeline Blackwell.
# debt - Sunday 10 February, 2013
Column: What’s happening to left-wing parties in Ireland?
A significant impact of Labour being in government is the failure of left-wing ideas and alternatives to austerity to gain further popular support, writes Dr Rory Hearne.
# debt - Saturday 9 February, 2013
Timeline: The 24 hours that secured the promissory note deal
It was dramatic, chaotic, uncertain and very confusing as Ireland struck a deal to tear up the promissory notes and repay Anglo’s debts over a longer period. Here’s how it unfolded…
# debt - Thursday 7 February, 2013
Column: Will the young pay for the sins of the old under the promissory note deal?
The restructured debt obligation will give the Government fiscal space and breathing room. Whether this benefits the young depends on what they do with that time, writes Sam Brazys.
# debt - Saturday 2 February, 2013
Ireland still has 39% chance of defaulting, says Government’s budget adviser
Professor John McHale, the chairman of the Irish Fiscal Advisory Council, said Ireland has made huge progress – but is not out of the woods yet.
# debt - Thursday 31 January, 2013
Complaints to Financial Services Ombudsman up 12% last year
Figure show that 40 per cent of all banking complaints related to mortgages.
Irish Banking Federation agrees new initiative to help distressed borrowers
The new initiative is designed to help people struggling with their debt to stay in their homes.
# debt - Tuesday 15 January, 2013
New guide published on insolvency in Ireland
It goes through the various new options available through the new Personal Insolvency Bill to someone who is experiencing financial difficulties.
# debt - Friday 11 January, 2013
New insolvency regime may not help troubled mortgage holders – Troika Exclusive
The Troika has raised concerns about the effectiveness of the new personal insolvency law that is aimed at helping the country’s many distressed mortgage holders.
# debt - Tuesday 8 January, 2013
Annual savings up 10 per cent on last year
Research from EBS shows that people aged 16-24 are now more confident about their economic well being than this time last year.
# debt - Friday 28 December, 2012
Samaritans report rise in family and financial worries
Seventy per cent of respondents rated money and debt among their top five worries in 2012.



























































