Public Accountants, Cork

Personal Insolvency case: mortage Debt Before Courts

By on Tuesday, February 11, 2014 in debt | 0 comments

One of the worst scenarios when it comes to handling your accounts, is the possibility of insolvency and the effect this could have on personal assets.

This article from The Irish Times focuses on the first personal insolvency case involving mortgage debt before the courts.

The first protective certificate for a personal insolvency case involving mortgage debt has been issued by the courts..

It emerged today that the case involved a family with over €600,000 in secured and unsecured borrowings who live in the Leinster area. The borrowers have unsecured debt, a mortgage and a buy-to-let property.

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