Establishment of the Insolvency Service of Ireland (ISI)
The new Insolvency Service is urgently needed in Ireland to help sort out some of the people in mortgage arrears.
On March 13th the Department of Finance announced some target dates for the Insolvency Service
They said that extensive work is taking place to get the new Insolvency Service of Ireland operational as early as possible in 2013 under its Director who was appointed in October 2012.
Applications from the public will not be accepted until June 2013
These are the milestones
Launch the Insolvency Service of Ireland website : End-March 2013
Publish Guides to the three new arrangements : End-March 2013
Put in place an information line for the public. : End-March 2013
Publish Regulations for the authorisation and licensing of Personal Insolvency Practitioners : End-March 2013
Publish Guidelines on a Reasonable Standard of Living and Reasonable Living Expenses for Debtors : End-March 2013
Authorise and regulate approved intermediaries and personal insolvency practitioners : Q2 2013
Commence taking applications from public : June 2013
Note – The targets have already been missed. The Insolvency Service of Ireland are now saying that they will not be launching the site until mid April