Personal Insolvency Seminar Galway

A Personal Insolvency Seminar is being held at the   Harbour Hotel Galway on October 24th 2012.

Speakers: Barry O’Neill, Aengus Burns

Presenter: Chartered Accountants Western Society

CPD Hours: 2

Cost: €40.00 (£31.76)

Wednesday, October 24, 2012 6pm to 8pm

The recently published Personal Insolvency Bill is one of the most significant pieces of legislation introduced in Ireland in recent years.

The key features of the Bill are the introduction of new non-judicial debt settlement systems and the proposal that the period of bankruptcy be reduced from 12 years to 3 years.

It is expected that the Bill will radically reform our existing insolvency legislation. It provides for different forms of debt relief for the borrower, depending on the nature and amount of the debt. It also includes a new Scheme of Personal Insolvency, which it is hoped will be a key step in addressing the mortgage arrears crisis and help rebalance the rights of the borrower and lender in a fairer manner.

It is expected that the Bill will become law by mid November.