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Tuesday 28 March 2023 Dublin: 12°C

# Debt

All time
Voices
Opinion: Don't let the word 'bankruptcy' scare you, it is now a viable option
Bankruptcy is a recognition and embrace of failure. If properly understood people can emerge from it stronger than before, writes Ross Maguire SC.
# Cancer
Banning mobile phones and cigarettes - this MEP candidate wants a simpler way of life
“We are literally floating in a sea of radiation nowadays. It’s completely reckless.”
# Better off debt
Are Irish businesses in better financial health than we thought?
Nearly one third of Irish SMEs carry no debt at all, with only seven per cent carrying debt higher than their turnover.
# Debt Burden
Bank of Ireland: no debt write-downs for small businesses
As with mortgages, it seems the bank is taking a hard line on debt forgiveness.
# improvement
Ireland's household debt dropped by €2.4 billion in three months
New figures from the Central Bank show we’re paying down debt at the fastest rate since 2012.
# Restructuring
Noonan says SME debt is being 'sorted out'
The Minister for Finance said SME debt is ‘far down’ the list of concerns in comparison to national debt.
# Hospitality
66 per cent of hotels and restaurants at risk of collapse
The construction industry and retail sector are not doing too great either, according to credit-risk analysts.
# Vulture Culture
Honohan "not happy" about mortgage sales to vulture funds
Central Bank governor says he told the Government of his concerns over protections for mortgage holders.
# Not over yet
Stay the course on austerity, warns Honohan
Honohan warns that deviation from the current path would be “folly”.
Voices
Damien Kiberd: United States of Europe? Then show us the benefits
With the EU forcing us into a ‘devaluation for slow learners’, isn’t it time we look closer at what exactly the euro has done for us?
# Debt
Richie Boucher defends €843,000 pay, says BOI is 'comfortable'
Bank of Ireland officials told the finance committee that they would veto any suggestion of debt write-down made by a Personal Insolvency Practitioner.
# Greece
Booby-trapped car explodes outside bank in Athens
The explosion came as Greece prepared to return to bond markets. No one was injured in the incident.
# Debt
AIB explains why its home repossessions tripled last year
The bank is currently engaged in 9,000 legal or potential legal cases with customers in mortgage arrears.
# Arrears
The government has sold thousands of mortgage owners 'down the river' - Donnelly
Independent TD Stephen Donnelly accused the government of failing to take the welfare of “tens of thousands of men, women and children” into account when selling mortgage loans to US hedge funds.
# Debt
Up to one in five PTSB customers in mortgage arrears are not engaging with the bank
Officials from Permanent TSB told the Oireachtas finance committee that 85 per cent of customers offered a split-mortgage had agreed to the deal.
# Debt Relief
Just four mortgage deals have been completed by the Insolvency Service
66 people have been made bankrupt in 2014 so far, more than all of last year.
Sold: NTMA sells €1 billion worth of Irish government debt
The yield of 2.967% is less than was previously expected.
Voices
Column: There are fewer bankruptcies than expected so far this year. Why?
A stand-off between debtors and creditors has led to a slow down in formal insolvency arrangements, write Anthony Joyce and Karl Deeter.
# Debt
A Greek bank is to issue bonds for the first time since 2009
Piraeus Bank SA requires more than €6 billion worth of capital.
# Debt Ratio
Good news! Eurozone governments are paying off their debts
Eurostat says the decline in government debt is the first since 2007.
# Election 2014
Mathews wants all the political parties to support his European Parliament bid
Ireland needs a “straight-talking team” of 11 MEPs to help negotiate a debt write down, the Independent TD believes, but he has not held talks with any of the parties about joining them or getting their support.
# carl scarpa
Carl Scarpa to exit examinership and save jobs but two stores will close
The Blanchardstown and Belfast stores will shut but 68 out of 80 at risk roles will remain.
# Back in business
Why the world’s saying ‘Ireland is back’
Following yesterday’s successful debt sale the world’s media is clamouring to say why we’re back in business.
# Debt
Thousands asked for help from insolvency service in its first months
In the first three months of the ISI’s existence, it was inundated with calls and emails.
# Eurozone crisis
'Ireland wasn't a victim of the Euro, the Euro was a victim of Ireland's banks'- Barroso
The European Commission President didn’t mince his words last night.
Voices
Column: Our lack of willingness to promote transparency is damaging developing countries
Ireland cannot give with one hand to developing countries while facilitating tax avoidance at the same time, writes Morina O’Neill.
# Christmas cost
Half will borrow to pay for Christmas as younger people look to moneylenders
The 18-34 age bracket are the most likely to use a moneylender with 12 per cent say they will do so in 2013.
Voices
Column: The governments controlling the euro are no friends of Ireland
Isn’t it reasonable to ask why we are destroying ourselves to save a system that has failed us – and offers only further suffering into the future? The Ballyhea campaign group is highlighting Ireland’s debt injustice, writes Rory Hearne.
# Examinership
Four A|wear stores remain open following examiner appointment
Following the fashion chain entering receivership, stores in Blanchardstown, Dundrum, Grafton Street and Sligo are still trading.
# Bankruptcy
New bankruptcy rules to be signed into law by Minister Shatter today
The new procedures reduce the term of bankruptcy in Ireland from 12 years to three.
# Land of Frost and Fire
Iceland to write €24,000 off every household mortgage
Despite international opposition, the Reykjavik government will press ahead with the debt relief plan.
Voices
Column: The pain of debt is not quick – it is a ceiling that lowers inch by crucifying inch
What is debt, and why do we all buy into this debt culture? Jillian Godsil discusses her own financial problems and the unsustainable status quo of modern Ireland.
# Debt
Additional consumer protections for debt management firms published
The draft paper proposes debt management firms should provide more information to customers about the service they offer and their charges.
# Bondholders
‘It’s odious debt’: Dáil to debate ‘burning the bondholders’ tonight and tomorrow
The government will almost certainly oppose the motion and ensure that it does not pass when a vote is held tomorrow night.
# personal insolvency
85 per cent in debt deals are families with children
In the first 20 deals, one quarter voluntarily handed the keys to their property over to the bank.
Voices
Nick Leeson: Positive talk sounds hollow in the corridors of power
Talking up the state of the economy got us into this mess in the first place – but things are not looking up for the average man and woman.
Voices
Column: The real problem to our economic crisis? The eurozone itself is deeply flawed.
Our shared currency system is not just preventing our ability to recover but is at the root of inevitable further looming crises, writes Mike Hall.
Voices
Column: We won’t give up the fight for international debt justice
We are paying off debts that are not our own – but through consistent, popular resistance, our society can be free of this crisis, writes Nessa Ní Chasaide.
Voices
Column: We hope to ease the enormous pressure placed on mortgage holders
A new initiative spearheaded by the Irish Mortgage Holders Organisation aims to help these borrowers and others who are reluctant to engage with the banks, writes Dr Constantin Gurdgiev.