The controversial insolvency laws which took two years to devise are in for an overhaul. A new protocol is being devised which will attempt to make the process easier to use and more straight forward. Noeline Blackwell Director of Free Legal Advice Centres was on the line.
In his television address at the weekend to mark the end of the bailout programme the Taoiseach Enda Kenny said banks must do more to deal with (those in) mortgage distress. But report a from Government yesterday revealed that few people in mortgage arrears have used an independent financial advice service set up last year, though more than 100,000 people remain in difficulties. Sean was joined by Noeline Blackwell Director General of the Free Legal Advice Centres(FLAC), who is not impressed at what’s been done to help those in trouble.
Last week brought news of a clean exit from the bailout and talk of renewed economic confidence in the country going forward...but for many individuals and families, the legacy of the economic crisis and the burden of personal debt still weighs heavy on their shoulders. The Personal Insolvency arrangements now available do in theory offer some solution to those who are overwhelmed by debt and Noeleen Blackwell of FLAC and solicitor with the Phoenix Project, Julie Sadlier spoke to Sean about how that service is working out. Also Valerie Cox met with some individuals who have been living with the ...
From today people who are in severe financial difficulty will be able to make applications to the Insolvency Service of Ireland to have their debts restructured. It’s a much heralded new approach to dealing with the mortgage crisis here but it will be some time before we can see how effective it is in practice. Joining Sean in studio were Noeline Blackwell, director general of FLAC and financial advisor Michael Dowling who represents 40 former residents of Priory Hall in Dublin.