PIAM

🔠It's time to explore the ABC of Debt Terms and Phrases again. 📚 Do you know what a protective certificate is?

A protective certificate is a document issued by the Court which offers the debtor and their assets protection from legal proceedings by creditors while they are applying for a DSA or PIA.

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https://backontrack.ie/how-we-help/debt-jargon-buster/

If you are in long term arrears, contact a PIP to discuss your options, you can get a solution, 1st step, get help

Half of those in long-term arrears paid nothing on their mortgage in the last two years Stark new figures from the Central Bank show that most of these accounts where nothing was paid are more than five years in arrears.

https://www.independent.ie/business/personal-finance/property-mortgages/thousands-still-in-arrears-on-mortgages-more-than-a-decade-after-the-financial-crash-42002620.html?utm_source=newsletter&utm_medium=email&utm_campaign=IN:Business&hConversionEventId=AQEAAZQF2gAmdjQwMDAwMDE4My01OWQyLTU1MTYtYzkxMy02YTU4YjIxM2JjMDHaACRiNjRmOGU1MC0wNDUwLTRhMGYtMDAwMC0wMjFlZjNhMGJjZDTaACQ0MzAyNjEwYS0xOTI0LTRkODYtYjAxNS05ZWFkMmJkZGQ4N2XAWtxF4m6dCZEAx5fZKsXKL0Q0eXOvW83hdquqcDeceg

If you are struggling with long term mortgage problems or newly experiencing financial difficulties, contact PIAM to discuss options available to return you to position where you can pay your debts in a timely manner

Thousands still in arrears on mortgages more than a decade after the financial crash Thousands of homeowners have still not resolved their chronic mortgage debt situation more than a decade after the last financial crash.

The same rules will also apply in business assets.

Good morning,

Here is the front page of today's Irish Independent

Find everything you need to get back on track financially If you have problem debt, we can help find the best solution for you with expert professional advisers and more.

Your PIP can check your eligibility for Abhaile scheme (and even if you don't qualify, you can still avail of a DSA/PIA solutions)

Check out article on Newstalk on help available for problem debts

Insolvency Service of Ireland helps thousands tackle problem debt | Newstalk Problem debt can leave you feeling hopeless and alone with nowhere to turn – but there are alwa...

Good news for a Friday (or any day!)
The amendments to the Personal Insolvency Act allowing for remote meetings as well as amendments relating to the appeals process and extensions to periods of protection have been signed into law today.

If you are concerned about your mortgage, your PIP or MABS can advise you. Your normal protections (MARP etc) remain

KBC looks at exiting Irish market with potential sale of loans and liabilities to Bank of Ireland It comes just weeks after Ulster Bank, the third biggest bank in the country, announced its plans to exit the Irish market.

Good article outlining the help that is available. If you know someone who is struggling with debts, recommend that they call a PIP, could be the greatest piece of advice they receive today

‘People try to deal with it on their own, that’s the problem’: One man’s experience of bankruptcy Debt is a sensitive subject, especially here in Ireland. Often, people don’t like to discuss their finances or admit they are struggling.