Massive number of downloads of an Easy-to-Read Comprehensive Guide to Insolvency in Ireland reported

PRLog (Press Release) - Feb. 19, 2013 - In excess of 1,800 copies of a guide to Insolvency in Ireland have been downloaded since its launch just over two weeks ago. Written by Debt Restructuring Expert Paul Carroll, the guide describes the various new options available, through the new Personal Insolvency Bill, to someone who is experiencing financial difficulties. It is intended to assist people who are considering availing of such insolvency arrangements and whether such arrangements are suitable for them.

Speaking about the Guide and the number of downloads, author Paul Carroll, says, “The Personal Insolvency Act is now law, and there was a lot of speculation in advance as to what it would contain. We are very surprised though at the number of downloads in such a short period of time. It shows that this is not just a very topical subject for people around the country, but that there will probably be a flood of people looking for protection under the Act shortly. We have had potential clients from every county in Ireland calling us, and Irish people from even as far as Canada and Australia. Financial worries cause untold stress and now that the Act is law, people can actually have clarity”.

The 30 page comprehensive easy-to-ready guide takes people through how to assess whether they are insolvent or not. In fact, for some people debt re-structuring is more appropriate. The Guide also outlines how to distinguish between a solvency problem and a liquidity problem.  It explains about who will help with the process of seeking protection under the Personal Insolvency Bill and the three additional types of arrangements, set out in the Personal Insolvency Legislation, which are available to solve personal insolvency issues in addition to bankruptcy.  These are a Debt Relief Certificate, A Debt Settlement Arrangement and a Personal Insolvency Arrangement.

Neo Financial Solutions is a team of associates led by Paul Carroll, a certified accountant with 25 years experience in Ireland, the UK and the US.  Neo Financial Solutions has unparalleled direct experience in dealing with evaluating financial situations, proposing manageable solutions, negotiating with banks and creditors, planning and effecting bankruptcy/insolvency solutions in the least damaging way, if absolutely necessary.

For further information on the Guide, please visit www.neofinancialsolutions.com.

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For further information or an interview with Paul Carroll please contact:

Sharon Plunkett or Jennie Cotter on Tel 01 2844412 or sharon@plunkettpr.com, or jennie@plunkettpr.com.