A financial fund is objecting to a proposed personal insolvency arrangement under which a businessman will write off over €70m in debts.

A personal insolvency arrangement involving a €343,785 mortgage debt being written down by more than half has been approved by the High Court for a woman who ran into mortgage arrears due to her husband's gambling problem.

Over the last two years, the courts have overturned 78 decisions by creditors to refuse personal insolvency arrangements for those in severe debt and at risk of losing their homes.

The Legal Aid Board was so cash-strapped last year it reallocated funds earmarked for the Abhaile Scheme which helps people who are insolvent and in mortgage arrears.

A debtor cannot seek a court review of a rejection of their proposed personal insolvency arrangement because the law requires any such review must be applied for by their Personal Insolvency Practitioner, the High Court has ruled.

A mother of two has won an appeal over a financial institution’s objection to her entering a personal insolvency arrangement to pay off a €220,000 debt on a house she and her husband bought in 2007 for €300,000.

A mother and daughter face losing their home, valued at €55,000, after the High Court upheld objections by a financial services firm to her proposed personal insolvency arrangement (PIA).

Lorcan O’Connor — director of the Insolvency Service of Ireland — says he expects the numbers applying for bankruptcy to double following the changes made to the bankruptcy regime here last year.

Ten years ago I was due to retire. I heard people on the radio saying that folk who are retiring should be investing in property so I bought a house and rented it out.

Almost three quarters of people living in insolvency and who have used a personal practitioner to liaise with their creditors have managed to agree a settlement which could leave them debt free.

Senior civil servants are to face calls to appear again before an Oireachtas committee after a second organisation seemed to distance itself from suggestions that it was “satisfied” with privacy provisions of the postcode to be launched this year.

The last quarter of 2014 saw a significant jump in the number of Personal Insolvency Arrangements given the green light.

A Co Clare stone-mason has secured a €223,000 write-down on his €346,390 family home mortgage as part of a Personal Insolvency Arrangement (PIA)

Gunmen disguised as police guards attacked a terminal at Pakistan's busiest airport with machine guns and a rocket launcher, killing at least 13 people as explosions echoed into the night.

Gunmen disguised as police guards stormed an airport terminal used for VIPs and cargo in Pakistan’s largest city tonight, killing at least nine people as explosions echoed into the night.

A new insolvency arrangement with some of the State’s key banks could see homeowners walk away from unsustainable debts after just three months.

THE new personal insolvency legislation is now in place and applications are being made to the Insolvency Service of Ireland in relation to debt relief notices, debt settlement arrangements, and personal insolvency arrangements.

The number of bankruptcies in Ireland could be as high as 7,500 next year, according to a Clare Personal Insolvency Practitioner (PIP).

HOW does each of the personal insolvency schemes impact on your home, vehicle and pension?

ONE of the most popular personal insolvency schemes, particularly for struggling homeowners, is likely to be the Personal Insolvency Arrangements (PIAs) as these include secured debt such as mortgages and unsecured debts.

MANY people find themselves burdened with huge levels of debt through credit card bills, unpaid utility bills and bank overdrafts.

The head of the new Insolvency Service of Ireland says those engaging with the service won't be allowed to keep so called "trophy homes".

It is expected that two to three hundred candidates will have entered into personal insolvency arrangements (PIA) by October, according to Michael McAteer, a partner at the consultancy firm, Grant Thornton, and a newly registered personal insolvency practitioner (PIP).

As many as 15,000 people will, within 12 months, avail of the mechanisms in new personal insolvency legislation before the Oireachtas, it has been claimed.

A total of 37,000 buy-to-let properties, with debts of €11bn, were in arrears at the end of June, figures released today have shown.

New mortgage reforms could see banks and lenders forced into agreements to help struggling homeowners with a debt write-down and protect them from repossession.

Intelligent lighting systems producer Adaptive Lighting has been named as the Enterprise Equity Genesis Emerging Business of the Year for 2012.

A passenger jet at the centre of an alleged terrorism bomb hoax resumed its flight to Pakistan tonight after a brief stop in the UK.

Swedish police evacuated 273 people from a Pakistan International Airlines jet which had been diverted to Stockholm due to a bomb alert today and detained a passenger on suspicion of preparing aircraft sabotage, officials said.

RETAIL giants Argos and Land of Leather could be faced with compensation claims as a result of selling sofas which contained a toxic substance that caused skin problems such as burns and allergies among some customers.

Two airlines banned from the EU over safety fears have been reinstated.

All 45 passengers and crew on a Pakistan International Airlines passenger plane were killed today when it crashed soon after take-off on a domestic flight in eastern Pakistan.

A Pakistan International Airlines passenger jet bound for Britain today made an emergency landing in the southern city of Karachi because of engine trouble, an airline spokeswoman said.

Aviation authorities were investigating today after a jetliner dipped, fearing collision with another passenger plane at 37,000 feet over eastern Pakistan, injuring several people and leaving others in shock.

A Pakistani plane with 276 people on board was forced to make an emergency landing soon after take-off from the eastern city of Lahore when one of its engines caught fire, an official said today.

The first commercial flight between India and Pakistan in two years arrived in the Indian capital today, amid rising hopes of peace between the South Asian nuclear rivals.

Life insurer Prudential has been fined a record amount by the pension regulator following delays in its review of pension mis-selling, it was announced today.