Debt Advice & Help in Ireland

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Bankruptcy related FAQ's. This category serves to shed light onto the issues involved in going bankrupt in Ireland.
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There were 22 articles found in this category:
  1. questionCan Bankrupts Still Earn A Living and Make Money ?
    Of course. The Official Assignee may apply to court for the appropriation of part of the bankrupt's salary, income or pension. If the High Court directs any deduction to be made, it may have regard to the bankrupt's family responsibilities and personal situation. Contact the Debt Advice Team F ...

  2. questionWhat About Joint Owners Of Property If One Person Goes Bankrupt?
    Where the bankrupt owns property jointly with a spouse or partner, the bankruptcy causes the joint ownership to be split. The Official Assignee and the non-bankrupt co-owner then hold separate interests in the property. Contact the Debt Advice Team Free Phone – 1-800-550-330 Complete ou ...

  3. questionWhat Will Happen To Our Mortgage Or Secured Loan Against Our Home ?
    Then this is a secured loan against the property and the Official Assignee's interest only relates to the equity remaining in the property. Contact the Debt Advice Team Free Phone – 1-800-550-330 Complete our Quick Contact Form by Clicking Here

  4. questionCan My Families Home Be Sold If I Go Bankrupt ?
    Yes it can. The bankrupt's interest in the family home vests in the Official Assignee as with all other property. However the Official Assignee may not sell the family home without obtaining permission from the High Court. Where the Official Assignee seeks this permission, the High Court may po ...

  5. questionI Have Beeb Discharged From Bankruptcy - Wil My Name Be Removed From The Bankruptcy Register ?
    No, the Register is a record of all bankruptcies, including those that have been discharged. A person searching the Register is told the status of the bankruptcy (discharged) and the date it was discharged. No information is given about the address of the former bankrupt. Contact the Debt Advic ...

  6. questionAre There Any Jobs I Can't Have As A Bankrupt?
    Yes, bankrupt persons are not entitled to hold elected representative office, in local authorities, in the Dáil or the Seanad. Contact the Debt Advice Team Free Phone – 1-800-550-330 Complete our Quick Contact Form by Clicking Here

  7. questionCan I Travel Abroad When Bankrupt in Ireland ?
    There is no outright prohibition on you travelling abroad but you should inform the Official Assignee if you intend to do so. You may be arrested if it appears to the High Court that you may be leaving the State in order to avoid the consequences of your bankruptcy. Contact the Debt Advice Tea ...

  8. questionCan I Still Look For Jobs When I Am Bankrupt?
    Yes, and you can continue in current employment or seek employment as a bankrupt without any issues. Contact the Debt Advice Team Free Phone – 1-800-550-330Complete our Quick Contact Form by Clicking Here

  9. questionCan I Still Be A Company Director When Bankrupt in Ireland?
    No, under the Companies Acts it is an offence for a bankrupt to act in various capacities in relation to a company. These include director, auditor, manager, liquidator or receiver of a company. Contact the Debt Advice Team Free Phone – 1-800-550-330 Complete our Quick Contact Form by C ...

  10. questionCan I Still Trade in Business as a Bankrupt in Ireland?
    Yes, as long as you trade in your own name. If you trade in a name other than that in which you were made bankrupt without disclosing this name, you are guilty of an offence. You must notify the Official Assignee of any business or trade in which you engage. Contact the Debt Advice Team Fre ...

  11. questionCan Bankrupts Have Bank Accounts in Ireland ?
    Yes, you can operate a bank account. However if you obtain credit of €650.00 or more without disclosing your bankruptcy, you are guilty of an offence. Contact the Debt Advice Team Free Phone – 1-800-550-330 Complete our Quick Contact Form by Clicking Here

  12. questionIs My Salary Effected in Bankruptcy in Ireland?
    Yes, the High Court may appropriate your salary or pension for the benefit of your creditors. However this is subject to any provision the High Court may make to meet your family responsibilities and your personal situation. Contact the Debt Advice Team Free Phone – 1-800-550-330 Comple ...

  13. questionProperty Overseas and Bankruptcy in Ireland
    Under EU legislation, (EU Insolvency Regulations 2002) bankruptcy proceedings in Ireland may be recognised as proceedings in most other EU member states. In most cases, this should allow the Official Assignee to realise such property for the benefit of your creditors. Contact the Debt Advice T ...

  14. questionHow is Property Dealt With in Bankruptcy?
    All property held by you when you are made bankrupt vests in the Official Assignee for the benefit of your creditors. The role of the Official Assignee is to sell or otherwise dispose of this property (called realisation) and distribute the proceeds to your creditors. A vesting certificate is l ...

  15. questionWhat Are The Duties Of A Bankrupt ?
    You must co-operate fully with the Official Assignee's office in all matters relating to your bankruptcy. You must inform the Official Assignee if you change address. Initially you must attend for interview with the Official Assignee. You must also file a Statement of Affairs in the Office of t ...

  16. questionCan a Bankruptcy Petition Be Stopped in Ireland?
    You may apply to the High Court within 3 days of the service of the bankruptcy order on you, giving reasons why you should not have been made bankrupt. This is called a show cause application. Contact the Debt Advice Team Free Phone – 1-800-550-330 Complete our Quick Contact Form by Click ...

  17. questionWill My Bankruptcy Be Made Public ?
    Following adjudication (the court order making you bankrupt) a notice of this is published by the petitioning creditor or you (if you have made yourself bankrupt) in one national and one local newspaper. This notice will also contain information about the next statutory court sitting. A local n ...

  18. questionCreditors Bankruptcy Petition Against a Debtor
    A creditor may petition for bankruptcy against a debtor where the debtor has committed an act of bankruptcy within the previous three months. The most common acts of bankruptcy relied upon by a creditor are: (a) failure by the debtor to comply with a bankruptcy summons requesting payment of a ...

  19. questionStarting a Bankruptcy Petition (Debtors Petition)
    Bankruptcy Petition by a debtor: A debtor may bring a petition for his/her own bankruptcy where he/she is unable to pay debts to creditors and where his/her available estate (for example assets and property) is sufficient to produce at least €1,900.00. Contact the Debt Advice Team Free Phone ...

  20. questionHow To Go Bankrupt in Ireland
    The High Court makes a debtor bankrupt either at the request of a creditor or at his own request. In either case, this request is made in a document called a petition. This must be filed in the Office of the Examiner of the High Court. When the petition is filed, the petitioning creditor or de ...

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