The new Insolvency Bill aims to help struggling mortgage-holders out of debt.
It will also allow for the writing off of unsecured debts of €20,000 or less and lowers the term of bankruptcy from 12 years down to 3.
Newstalk’s Business Editor Ian Guider outlines options open to you.
Is this proposed legislation a good deal for the Irish consumer?
Tell us what you think below.
