As a follow on to last weeks article on restructuring farm debt, personal insolvency may also be an alternative debt solution. If you are in financial difficulty and your loans have been sold to a vulture fund you will need specific professional advice from a personal insolvency practitioner (PIP). A PIP will help you decide on the best debt solution for you and the farm.
In an insolvency situation a meeting should be arranged with your accountant, solicitor and a PIP to discuss the various solutions available to you.
Why do I need a PIP?
A PIP …
Read the full article at: https://www.farmersjournal.ie/money-mentor-personal-insolvency-arrangements-an-option-for-farmers-607574
