A significant ruling that a couple have no legal standing to seek a court review of KBC Banks rejection of their personal insolvency arrangement aimed at ensuring they remain in their family home has implications for hundreds of similar cases.
David Hall, of the Irish Mortgage Holders Organisation, said the Circuit Court decision on Wednesday that debtors personal insolvency practitioners (PIPs), and not debtors themselves, must seek such reviews was a result of incompetently drafted legislation, reinstated the banks veto over personal…
Read the full article at: http://www.irishtimes.com/business/financial-services/personal-insolvency-cases-could-be-impacted-by-kbc-ruling-1.3211382