How PIAs can give farmers enough time to pay their debts

'It's a game changer' say the experts

ICMSA president Pat McCormack says farmers can get into debt difficulty due to low profit margins, fluctuating prices, and family situations. File Picture.  

The Personal Insolvency Act can be used by farmers to restructure debt and retain the family home and land.

But many farmers are not aware of these mechanisms available to them, that were established by the Personal Insolvency Act 2012.