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Part IV of the Personal Insolvency Act 2012 which deals with bankruptcy is due to be commenced today. If you are considering applying to be adjudged bankrupt, the following are some important points to note: 1. Obligation to consider alternatives to Bankruptcy: The Personal Insolvency Act 2012 introduces new mechanisms to deal with personal debt [...]
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The Nursing Homes Support Scheme provides financial support for people who need long term nursing home care. Under the scheme the person receiving the care pays a contribution towards the cost and the state pays the balance. In order to apply for the scheme a care needs assessment is carried out as well as a [...]
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08 Jul '13
What types of debts are covered by The Personal Insolvency Act 2012 : Excluded Debts and Excludable Debts The Personal Insolvency Act 2012 has introduced three new insolvency procedures to enable individuals to resolve their debt issues. These procedures are Debt Relief Notices, Debt Settlement Arrangements and Personal Insolvency Arrangements. Different eligibility criteria apply to [...]
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