Impact of repossession

The impact that repossession can have on people like the Kingston family in Nohoval outside Kinsale at a physical and mental level is severe.

As regards the legislation, the Land and Conveyancing Law Reform Act 2013 allows the court to postpone repossession proceedings for up to two months to allow a person to explore the possibility of putting a debt solution in place with the assistance of a personal insolvency practitioner and borrowers from banks should be aware of their rights.

I would encourage anyone struggling with unmanageable debt to take this route and reach out and seek advice and assistance from a professionally qualified insolvency practitioner.