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.

There are a further 500 cases in the pipeline, according to Justice Minister Charlie Flanagan.

In November 2015, the section 115a court review process came into effect which permits a debtor to ask the court to review and assess the reasonableness of a personal insolvency arrangement (PIA) proposal which has been refused by creditors and which includes mortgage arrears on the debtors home.

A PIA enables an eligible insolvent debtor to reach agreement with creditors (both secured and unsecured) in relation to the settlement and/or restructuring of his or her…

Read the full article at: https://www.irishexaminer.com/ireland/78-debtors-get-second-chance-at-keeping-homes-467920.html