John Lowe of MoneyDoctors.ie gives the low-down on this service and how it can possibly help you if you are in financial difficulty.
Imagine this scenario: you are behind in your mortgage repayments. You've been trying to keep on top of them, but after getting a little behind last year, one thing after another keeps going wrong and you haven’t been able to make up the difference.
Unfortunately, situations like the above are an all-too-familiar reality for thousands of people across Ireland – and that’s why MABS was established. In fact, that’s why many other avenues may lead you to MABS: charities, State services and other organisations to which you may turn in financial difficulty will often refer you to the team.
MABS’ help usually falls under one of two headings: voluntary debt solutions, or statutory debt solutions . It can also provide you with information on:MABS helps those who help themselves, so it exists to support those who can’t pay – not those who won’t pay. Under the Abhaile Scheme, they will even pay up to €500 each for consultations with an accountant, Personal Insolvency Practitioner and/or legal representative if you cannot.You can find your local MABS office on www.MABS.
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