Farm Succession Tax Planning

DVM & Co presented two tax planning clinic sessions at the Teasgasc Transferring the Farm Clinic at Athenry Raheen Woods Hotel on 14 Oct 2015. The Teagasc programme was attended by 350 people who received a programme of Seminars and Clinics on land transfer,...

Personal Insolvency Success 3

Mortgage written off €61,950 in a PIA Our client was a widower with children and prior to his wife’s death the couple were separated. After the couple’s separation, he purchased a new home for himself and a buy to let property. He then took out a third mortgage to...

PI Act Changes

Borrowers will now be able to apply for a court review when a creditor rejects a personal insolvency proposal. … Borrowers will now be able to apply for a court review when a creditor rejects a personal insolvency proposal. Minister for Justice Frances...

Personal Insolvency Success 2

Unsecured debts written off in PIA of €175,000 Our client had set up in business as a sole trader and required loans for stock and cash flow. Due to the downturn in the economy, from 2009 the debts of the business were unsustainable and the client had to close the...

Changes to PIA Act

The Personal Insolvency (Amendment) Act 2015 was signed into law on 28 July 2015. The new Act will give the Irish Courts the ability to overturn a secured creditor’s decision to reject a borrower’s proposal for a Personal Insolvency Arrangement (PIA) under the...

Personal Insolvency Success 1

Mortgage written off €100,000 and unsecured debts written off €163,000 in a PIA Our client had operated a sole trade business for 13 years. The client had a commercial mortgage with the business. Due to the downturn in the economy the business had cash flow...

Rules on Repossessions

The Government on 13 May 2015 signalled that to further promote the reform introduced by the Land and Conveyancing Law Reform Act 2013 whereby a repossession case can be adjourned to give the borrower an opportunity to engage with a PIP, Court rules and procedures...
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