Revenue and Bank Debt Restructuring
Client owed Revenue €500,000 and was faced with bankruptcy proceedings. In addition they owed an Irish Bank more than €3 million.
- Successfully negotiated a restructure of all the debt, without recourses to any legals.
- Client retaining valuable private house, villa in Spain and holiday house in Ireland.
- Permitted €7,000 (net) per month living expenses, excluding mortgages.
- Consensual sale of buy to let properties which was achieved in 3 months for less than €750,000.
At 65, he will be able to retire with his full pension, debt free. No confrontational meetings with any creditor and the client got a detailed understanding and ownership of personal and household finance which greatly reduced stress in family environment.