The news today that Arklow Courthouse has been selected as one of 16 courthouses nationally to operate a new pilot scheme for distressed mortgage holders is welcome news for the town coming on the back of the recent courthouse refurbishment commented Fine Gael TD for Wicklow/East Carlow, Andrew Doyle.
“The scheme which is to be administered by the Department of Social Protection along with the Money Advice & Budgetary Service (MABS) over a 3 year period with 16 “centres of excellence” will operate initially as a pilot scheme whereby mortgage arrears advisors will sit inside courtrooms to provide assistance and advice to those engaged in the insolvency process.
“The pilot scheme due to commence before the courts reconvene after the summer recess, will involve Personal Insolvency Practitioners (PIP’s) negotiating with borrowers on behalf of distressed mortgage holders as well as a network of ‘court mentors’ who will attend with clients in order to offer assistance and advice on court proceedings.
“This is welcome news for the town of Arklow as it follows on from the recent refurbishment of the Courthouse earlier this year as well as the development of the new municipal district office and library on the main street. Added to this the possible location of a new primary care centre in the town, will assist with a much needed rejuvenation of the town centre of Arklow. These developments do indicate the steady progress that is being made to enhance the town and is in line with Government policy to consolidate and improve town centres. It goes without saying that it’s hugely important to continue to build on this progress and to support all efforts to this end.
“I would encourage anyone with mortgage difficulty to talk to MABS and to explore the options available. This particular scheme is a well thought out programme and is part of the suite of arrears measures which was agreed by Government in May as a response to the growing mortgage crisis. The service being offered is free of charge, independent and confidential.”