Irish Financial Review

Personal Insolvency Bill…its about time

Good news, the Government has been reported in one of the national media as preparing to launch the final version of the new bill that will deal with personal insolvency.

It’s high time that this important piece of legislative work got published. It even more important (barring no last-minute legislative wrangling) that the legislation finally gets enacted into law.

Rising levels of debt and mortgage arrears means that the resulting financial reprieve for those most affected by the ongoing economic stagnation will assist those that most need it.

However, it is also important that banks are not left wrong footed in the new personal insolvency landscape. While there may be a deep-rooted anger at the role banking played in the economic meltdown and the ongoing austerity programmes, we all need to ensure that those that can pay do pay and those that appear to have genuinely lost their capacity for financial rehabilitation are dealt with humanely, through this new legislative process.

Later this week, we will all be the wiser.

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Welcome to the Irish Financial Review

Welcome to the Irish Financial Review, the independent financial website.

The Irish Financial Review has nothing to sell. It has been established to offer a truly independent commentary on important issues on personal finance, mortgages, property prices and much more.

The founder of the Irish Financial Review is Mr. Frank Conway. Mr. Conway has over 20 years in the personal finance industry and is a very experienced writer and commentator.

In the coming days, weeks, months and years, the purpose of the Irish Financial Review will endeavour to offers a consistent and meaningful reference point for all types of consumers personal finance issues.

In the meantime, please feel free to use the free, developing content within the site.

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