The new Personal Insolvency Bill offers mortgage holders and others struggling with debt recourse to remedies to manage those loans in a more humane and sustainable way, writes, Frank Conway.

IT was the middle of Dec 2010 when the Law Reform Commission presented its recommendations for reform of the legal system in relation to how our society manages and deals with the problem of indebtedness.

The LRC had long advocated for the reform. Yesterday, the Government finally presented the Personal Insolvency Bill 2012. It is a welcome break from the past. It provides for a range of options that will become available to citizens when the bill finally becomes law. Read full article