Personal Insolvency Law

Personal Insolvency Law offers an in-depth analysis of the provisions of the (Irish) Personal Insolvency Act 2012 which were introduced to assist the increased number of people experiencing financial and economic difficulties.

This comprehensive guide to the Personal Insolvency Act sets out clearly the three newly-created debt resolution mechanisms: a Debt Relief Notice; a Debt Settlement Arrangement; and a Personal Insolvency Arrangement.

Highly practical in nature, it examines the qualifying criteria that debtors must meet in order to obtain the benefit of these debt resolution mechanisms and provides a detailed step-by-step guide to each of the processes. It also contains the complete collection of Forms required under the Act.

The key content covers:-

• The role and responsibilities of the Personal Insolvency Practitioner;
• The court procedures involved in each of the three debt resolution processes;
• The role of the Insolvency Service of Ireland in administering these mechanisms;
• The Reasonable Living Expenses guidelines;
• A review of offences under the Act;
• The amendments made to the Bankruptcy Act 1988.

Personal Insolvency Law is an ideal book for any practitioner working within this field, including Irish solicitors and barristers, tax consultants, accountants, auditors and financial institutions.