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PIC: How much a single person can spend under the new insolvency rules

The Insolvency Service of Ireland has published its guidelines for spending limits to qualify for the new procedures.

THE NEW INSOLVENCY SERVICE of Ireland has this afternoon published its guidelines on the criteria that struggling borrowers must meet in order to qualify for the new debt resolution procedures.

The service says the limits are intended to give people the discretion to still spend their money as they see fit, “though necessarily within the constraints of reasonableness and the overall expenditure limits”.

These figures relate only to single adults of working age – the levels that apply to households in other situations, including homes with children, can be found in this PDF.

The ISI has stressed that once a debtor comes within the ‘headline’ figure – of around €11,100 a year in this case – it will not be prescriptive in terms of what a borrower can spend their money on.

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171 Comments
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    Mute Ó Connmhaigh
    Favourite Ó Connmhaigh
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    May 25th 2017, 6:31 PM

    With all that’s going on, you’d have to say that Europe is in a far worse state than it was 20 years ago. And the outlook ain’t rosy.

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    Mute Rui Firmino
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    May 25th 2017, 6:33 PM

    @Ó Connmhaigh: Actually far more people died in terrorist attacks in the 70′s than now

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    Mute Matty Kineven
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    May 25th 2017, 7:27 PM

    @Rui Firmino: So far

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    Mute cholly appleseed
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    May 25th 2017, 8:11 PM

    @Rui Firmino: what’s the 70s got to do with 20 years ago?

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    Mute Lorcán Ó Broin
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    May 25th 2017, 8:14 PM

    @Rui Firmino: which was over 40 years ago. Or what year do you think it is…

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    Mute Ibhar Mac Suibhne
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    May 25th 2017, 10:22 PM

    @ Rui is making the point that the threat of terrorism was far more dangerous in the 1970s then now … Terrorism is at it lowest level at present.
    So don’t believe the hype!

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    Mute Ibhar Mac Suibhne
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    May 25th 2017, 10:28 PM
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    Mute Eric Foley
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    May 25th 2017, 10:43 PM

    @Rui Firmino: yup, as an older fella, I can confirm you’re right. And it wasn’t just a little bit more either. It was a lot more.

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    Mute Daffy the Bear
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    May 26th 2017, 12:08 AM

    @Rui Firmino: that was 40 years ago though..

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    Mute Rui Firmino
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    May 25th 2017, 5:58 PM

    Wonder if they were Islamic terrorists or is it to do with austerity?

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    Mute Peter McGlynn
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    May 25th 2017, 6:02 PM

    @Rui Firmino: more likely austerity.

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    Mute P.J. Nolan
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    May 25th 2017, 6:04 PM

    @Peter McGlynn:
    Agreed, IS and company don’t really do letter bombs

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    Mute Paul Devlin
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    May 25th 2017, 6:22 PM

    @Rui Firmino: most probably anarchists. Greece has a long history of violent anarchist groups

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    Mute An_Beal_Bocht
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    May 25th 2017, 7:10 PM

    @P.J. Nolan: ya no virgins for the old letter bomb unfortunately

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    Mute Tony O'C
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    May 25th 2017, 7:11 PM

    @Rui Firmino: Muslims Against Austerity

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    Mute Eric Foley
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    May 25th 2017, 10:48 PM

    @Paul Devlin: There’s a group that have done stuff like this, but they are not Anarchist. Anarchists wouldn’t do this. There was a bogus group alright a few years ago, but they were denounced by every Anarchist group in Europe. Guys like Bader Meinhoff or Red Brigade would do this carry on though.

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    Mute Eric Foley
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    May 25th 2017, 10:50 PM

    @Eric Foley: Golden Dawn type Right wing extremists could be suspects as well to be fair. They have literally murdered several people in Greece in the last few years.

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    Mute Kerry Blake
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    May 25th 2017, 7:35 PM

    Well if you crush a population this sadly is the result…..

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    Mute Paddy
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    May 25th 2017, 8:06 PM

    @Kerry Blake: so your saying he deserved it

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    Mute Kerry Blake
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    May 25th 2017, 8:28 PM

    @Paddy: No Paddy I’m just pointing out due to the policies inflicted on Greece this is the end result.

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    Mute Lorcán Ó Broin
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    May 25th 2017, 8:16 PM

    remember when golden dawn were supposed to be the next greatest threat to human civilisation? Really goes to show the diletante politics of the media circus. On to the next doomsday scenario

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