The Insolvency Service of Ireland will meet the countrys banks next month to ask why there has been a sharp increase in objections to personal insolvency arrangements involving mortgage debt write-downs.
Lorcan OConnor, the director of the insolvency service, has called the meetings with mortgage providers as new figures show the number of arrangements – where insolvent individuals can have debts ofup to 3 million written down – have fallen by 39 per cent in a three-month period.
…
Read the full article at: https://www.irishtimes.com/business/insolvency-chief-to-meet-banks-over-drop-off-in-mortgage-write-off-deals-1.3291616
