A new survey has revealed serious disparities in loan repayments across a range of professions.
Central Statistics Office Release First Household Finance and Consumption Survey
Debt LoansThis January the Central Statistics Office (CSO) has for the first time released the results of the Household Finance and Consumption Survey.
Personal Insolvency Bill To Pass Through Parliament
DebtNext month new bankruptcy legislation will is due to be passed by the Irish parliament. The hugely important new bill looks set drag Ireland’s laws insolvency kicking and screaming into the 21st century, creating a vital escape route for struggling debtors.
New Personal Insolvency Bill Reforms Bankruptcy Laws
DebtMany of Ireland’s insolvency laws have been in effect for over 100 years, but all that is now coming to a close.
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EU says Ireland must honour national debt, but economy looking strong: Noonan
Debt
The European Commission has imparted the importance of Ireland honouring it’s financial commitments in terms of repaying national debt.
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MABS ‘should’ have role in new debt plans
Debt
A new report on the governments latest Personal Insolvency Bill has recommended that MABS should take on a role in new debt plans.
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5 Percent Decrease In Household Bank Deposits
BankingAccording to recent data by the Central Bank, a combined €86.5 billion for bank deposits has been collected by Irish households.
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Germany, France Come Up With Plan To Handle Europe’s Debt Crisis
EconomyChancellor Angela Merkel of Germany and President Nicolas Sarkozy of France have stuck an agreement that preserves budget discipline, which they anticipate will help get a handle on the Euro debt crisis. The two country leaders will present the plan to EU leaders.
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Will there be a double-dip recession?
EconomyThe Independent wrote a commentary on Sunday on the likelihood of a double-dip recession.
NAMA Banks Take Legal Action On €6B Loans
NewsApproximately €6 billion worth of loans were foreclosed on due to the action banks took against smaller property players and property syndicate members.