Government Proposes Additional Measures to Address Mortgage Arrears

15-05-2015

Author: Cormac Kissane, Orla O’Connor, Robert Cain



On 13 May 2015, the Government announced a series of measures intended to further assist those in mortgage arrears, most notably by giving the Courts the ability to overturn a secured creditor’s decision to reject a borrower’s proposal for a Personal Insolvency Arrangement (PIA). Legislation to give effect to this change is expected to be passed before the Oireachtas Summer recess.

This Briefing sets out the background to the announcement, summarises the measures proposed and discusses the potential implications.

Read the full briefing.

 

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