New Beginning To Launch Latest Round Of Public Seminars

New Beginning are hosting a series of seminars looking at the changing landscape of debt in Ireland. Ross Maguire will be delivering these public seminars and will be exploring new opportunities available to help people break free from debt. The “Deals to be done in 2016” seminars are free of charge and will be taking […]

New Beginning welcome the latest figures released from the Insolvency Service of Ireland

New Beginning welcomes the increased number of Personal Insolvency Arrangements put in place during Quarter 3.  Personal Insolvency Arrangement are specific arrangements designed to bring a family back to a solvent position while at the same time protecting the family home. We note 458 applications were lodged during Q3 together with 352 Protective Certificates being […]

New Beginning Response to The Central Bank Figures on Mortgage Arrears

The figures released today by the Central Bank show the level of mortgage arrears continues to decrease. This is to be welcomed. New Beginning however notes with concern the following: Long term arrears continue to rise and now stand just short of 40,000 Up to 37% of all restructures (almost 45,000 cases) are short term […]

New Beginning welcomes Government Scheme to assist people facing repossession

New Beginning welcomes the government’s initiative to create ‘centres of excellence’ in 16 courthouses throughout the country. The scheme will mean that there will be mentors present in Court to assist people who are facing repossession. Distressed borrowers can then have access to proper and independent advice which is an excellent thing. New Beginning has […]

New Beginning Welcomes Increased Numbers Availing Of Personal Insolvency Deals

New Beginning welcomes the increased numbers availing of Personal Insolvency to deal with unsustainable debts. We note the large write offs in PIAs – 21% average in secured debt and 83% in unsecured debt. We note also the general acceptance of this by creditors with almost 75% of deals agreed. The overall debt involved is […]

New Beginning slams Ulster Bank Mortgage write-off offer

New Beginning notes the Ulster Bank proposal today involving the possible debt write down for people who surrender their homes.   Ross Maguire, Founding Member of New Beginning, said:   This is a proposal designed to make Ulster Bank money and their customers homeless. People should be very careful here and get independent advice before […]

Home Repossessions set to Escalate in Tipperary

Leading speakers Ross Maguire SC and Paul Carroll, Bankruptcy expert, to speak at public forum in The Strand Hotel, Limerick, next Wednesday. The latest home repossession cases that have been listed in the courts across the country during the month of January show staggering figures. 125 cases listed in Tipperary alone, as well as the […]