Seminar gives advice to people in debt

Almost 350 people weighed down with debt worries were yesterday given step-by-step advice, not only on how to address their financial worries, but also to stop those worries affecting their mental health.

The “Bouncing Back” seminar in Cork City was one of a series which has been organised by New Beginnings, the organisation of professionals set up to help people facing debts.

The team of lawyers and financial experts gave a breakdown of the approaches taken by banks and financial institutions when people fall into arrears, the options open to those people both in the short and long term and the pitfalls of those options and also a detailed breakdown of the new personal insolvency legislation.