Personal Insolvency guidelines due today

The new guidelines on Personal Insolvency are to be published later today.They are expected to be based on the minimum income standards report which was published last year.The guidelines will include indicators of the amount families will be allowed to live on once they enter into state-approved Personal Insolvency deals.

The living standards for insolvent debtors will be outlined by Justice Minister Alan Shatter and the director of the Insolvency Service of Ireland, Lorcan O’Connor.

They are also expected to provide information on the authorisation and regulation of Personal Insolvency Practitioners.