Our Debt Management team are qualified and experienced in dealing with clients in financial difficulty. We have a clear fee structure and are regulated by the Central Bank of Ireland.
We follow a defined process that takes account of
We provide mortgage and debt restructuring services and ensure our customers are in a position to avail of the very latest debt restructuring options. Options considered can include...
Short-Term Arrangements
Long-Term Arrangements
Please be aware that not all options set out above are offered by all lenders. Under Code of Conduct on Mortgage Arrears Lenders "must explore all of the options for alternative repayment arrangement offered by that Lender"
Please review our 4 step process to assist you with your debt negotiation.
The Central Bank of Ireland's revised code of conduct for business lending to small & medium enterprises, otherwise known as SME code became effective from June 2012.
The code outlines the regulatory requirements which lenders engaging with micro enterprises in financial difficulty must adhere to.
The code applies to
A borrower is classified as in financial difficulty where
1) The borrowers credit facility is in arrears for 3 consecutive months.
2) In the case of an overdraft facility, where the approved limit on the facility is exceeded by the borrower and remains exceeded for 90 consecutive days and there has been no engagement with the borrower.
Common alternative repayment solutions offered by the regulated entity include ( but not limited to )
Please note we do not provide advice on Examiner-ship, Receivership or Liquidation to our Customers.
Please review our 4 step process to assist you with your debt negotiation.
Commercial Mortgage problems typically arise where the borrower has not anticipated or prepared for an event and now faces difficulty in repaying the mortgage. We provide a consultancy and restructuring service to business borrowers that considers both short term repayment options and also long term restructuring solutions.
Options considered can include
Please be aware that not all options set out above are offered by all lenders. Under Code of Conduct on Mortgage Arrears Lenders must explore all of the options for alternative repayment arrangement offered by that Lender"
Please review our 4 step process to assist you with your debt negotiation.