PIA in Ireland including UK unsecured debts?

Struggling2019

New Member
Messages
5
Does anyone know if someone living in Ireland can enter into a PIA in Ireland, and include their UK unsecured debts in it?
 

Jim Stafford

Frequent Poster
Messages
459
Yes you can.

Council Regulation (EC) No 1346/2000 on insolvency proceedings (Insolvency Regulation) provides that the courts of the Member State within the territory of which the centre of a debtor’s main interests is situated shall have jurisdiction to open insolvency proceedings. A COMI certificate indicating a debtor’s centre of main interest (COMI) must be supplied as part of any application that contains EU debt.

Jim Stafford
 

Struggling2019

New Member
Messages
5
Thank you Jim.

If the COMI is Republic of Ireland, and the PIA is processed through the ISI, I wonder how would this be recorded on UK credit reference agencies such as Experian and others.
I have a business bank account in UK with an overdraft on it, would this get cancelled in a PIA?

Thank you.
 
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