Mortgage debt resolution deals increase but ‘still pathetic’

The number of people dealing with their mortgage debts through the Insolvency Service of Ireland (ISI) has risen in the past year, but the overall figure has been branded “pathetic” by those advocating an overhaul of debt services.

The ISI said yesterday that 150 personal insolvency arrangements (PIAs) for those with mortgage debts were put in place in the three months up to June (Q2).

It said this, and greater numbers of other debt deals, showed that the momentum continues to grow for theservice.