Embarrassment stopping you accepting you need help with your debts?

July 25, 2017

Getting into financial difficulty can happen to anyone, even people you might consider to be financially astute or experts can end up in a financial mess. Look no further than today’s The Irish Times business section – a former head of business banking at AIB taken to the High Court over his outstanding debts. In yesterday’s Irish Times there was an article highlighting that Irish households are the 4th most indebted in the EU (although things are improving).

Struggling with debt is therefore far more normal than you might first imagine. Most people feel embarrassed by being in this predicament and do not want to talk about it and struggle on under a huge level of stress without asking for help. Alternatively people in debt are fearful that they are going to lose everything including their home which stops them taking action to do something about it.

Insolvency legislation, rather than being something to be afraid of, can be a powerful tool to help people in debt get back on their feet and out from under the burden of unmanageable debts. In fact the legislation was designed with the specific aim of trying to help homeowners remain in their homes wherever possible. On top of this the Government even pay for homeowners who are in financial difficulties and facing losing their home to get free advice from a Personal Insolvency Practitioner.

A Personal Insolvency Practitioner (PIP) is an expert in debt who is licenced by The Insolvency Service of Ireland. Any conversations you have with a PIP are confidential and often a PIP will give their initial advice free of charge.

The sooner you take advice, the sooner you can get to see the light at the end of the debt tunnel.

Free advice

We offer free initial advice so please get in touch with Insolvency Help Ltd by email to [email protected] or calling 01 209 1995

Free advice can also be sought from Money Advice & Budgeting Service (MABS) http://www.mabs.ie or calling 0761072000

Insolvency Help is a trading style of 180 Advisory Solutions Ltd

Barry Stewart is authorised by the Insolvency Service of Ireland to carry on practice as a personal insolvency practitioner(authorisation number PB00282). Barry Stewart is also authorised to act as an insolvency practitioner in the UK by the Institute of Chartered Accountants Scotland.