Insolvency Service of Ireland update

The Insolvency Service of Ireland put out a press release in relation to news stories stating that the personal insolvency legislation was to be changed. Full release without edits is below.

Both the Minister for Justice and Equality and the Insolvency Service of Ireland (ISI) have given a commitment that the effectiveness of Personal Insolvency legislation will be kept under review and that if issues arise that need to be addressed, that they will be addressed.

This has already resulted in some amendments to the legislation during 2013 which were of a minor nature and primarily operationally focussed.

Contrary to some media reports that significant changes to the personal insolvency legislation are required in 2014, Mr. Lorcan O’Connor, Director of the ISI, indicated that this is neither contemplated nor necessary.

Mr Lorcan O’Connor also said: “Huge progress has been made in the area of personal insolvency in      recent months. Personal Insolvency Practitioners (PIPs) are reporting a significant increase in the numbers of enquiries from people who need their services. The ISI expects the number of cases to increase significantly over …

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Our PIPs – find them on the register

We have a few PIPs working with BankruptcyAdvice.ie and you can find them on the Insolvency Service of Ireland website. There you will find Seamus Carrick (PC00107) and Anthony Joyce (PC00109) who are both fully regulated Personal Insolvency Practitioners.

That doesn’t factor in the legal, accountancy and financial advice experience we also have, but we think it’s important that you know you are dealing with people where their qualifications are recognised and registered. Some companies will put a junior in front of you, or the person heading the firm doesn’t have the relevant qualifications, we don’t operate like that, we don’t try to talk a good game, we are more interested in playing a good game.

 

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