24 Mar

Devil in the detail in debt write downs

(this article appeared in the Sunday Business Post on the 23rd of March) The banks are starting to write down debt. Should we be sur...

06 Feb

Details of the new AIB debt write-down scheme

The information available at present is limited and the only thing we were able to obtain in terms of hard fact is that people on track...

29 May

Banks don’t offer ‘solultions’ they just say ‘no’

Something that people find really frustrating is how they look to a bank for a solution and are simply told 'no', there is never any me...

The first rule about debt deals is ‘we dont talk about debt deals’

Due to disclosure requirements I can't actually tell you much about dealing with banks when it gets to the specifics of some cases, wha...

Mortgage to rent in as bad a shape as the mortgage market

I think Ciaran Lynch hit the nail on the head when he said the 'mortgage to rent' scheme risks 'becoming a flop'. The issue here comes ...

AIB debt writedowns? What does it mean?

The Irish Times carried an article that stated that AIB would write down some mortgage debt. What does this mean though and who will be...

Is getting a debt writedown a gift? Would you have to pay tax on it?

The US model of 'short sales' has a hidden sting in it that often gets lost in the noise, namely that the reduction of your debt is oft...

Debt relief without moral hazard.

I put on my thinking caps last week and drafted a paper called 'Designing a Debt Relief programme with minimal moral hazard to address ...

The ‘Cost’ of Regulation

David McWilliams hit an interesting point in today's piece in the Independent about having 'too much regulation', and how it may repel ...

Debt forgiveness: An outline of how it would work (if I was in charge)

If I made the debt forgiveness rules... If I could make the rules surrounding debt forgiveness they would be something like this: 1. y...