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    Insolvency Deals

    Insolvency Deals

    The Insolvency Service of Ireland has admitted this morning that only four insolvency deals involving mortgage debt have been competed in the past year.  The ISI has stressed though that there are more deals in the pipeline which could be completed in the next few months. Lorcan O’Connor director of the Insolvency Service of Ireland offered a robust defence of the agency earlier on Morning Ireland. Joining Sean was Independent TD for Wicklow and member of the Dail’s Finance Committee, Stephen Donnelly.
    New Insolvency Service

    New Insolvency Service

    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.

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