Prima Finance

Prima Finance Prima Finance Debt Solutions is the only firm in Ireland that offers all debt solutions :Private Deb Remember, a problem shared is a problem halved.

Prima Finance Debt Solutions, the independent personal insolvency firm became the first firm in Ireland to have been approved by the Central Bank of Ireland (CBI) as an authorised Debt Management (10th January 2014). In addition, Prima Finance Debt Solutions is also the only debt management firm in Ireland to be approved as a Payment Institution by the CBI, enabling the firm to uniquely handle cli

ent funds as part of their debt management and debt restructuring plans they negotiate and manage on behalf of their clients. Following the authorisation, the firm’s Managing Director, Brian Leslie said “These two extremely high level authorisations granted by the Central Bank reflects on our expertise, systems, and our experience in personal insolvency and the very significant investment the firm has made to offer the most comprehensive personal insolvency service in Ireland today”. The Payment Institution authorisation means Prima Finance Debt Solutions is now the only firm in Ireland that can offer Debt Management Plans in addition to personal insolvency arrangements and thus offer financially stressed/insolvent clients the most comprehensive range of options and solutions. Based on firm’s experience in personal insolvency over the past five years and having examined the UK model in detail, Leslie envisages that over the coming years the personal insolvency market is likely to segment as follows;




•Personal Debt Management Plans (suitable for 55% + of insolvent clients)


•Debt Settlement Arrangements (DSA) (suitable for 20% + of insolvent clients)


•Personal Insolvency Arrangements (PIA) (suitable for 20% + of insolvent clients)


•Bespoke Bankruptcy Arrangements (suitable for approx. 5% of insolvent clients)


The firm has also two authorised Personal Insolvency Practitioners (PIPs) Niall Kavanagh and Brian Leslie and offers bespoke Bankruptcy solutions for insolvent clients. Background to Prima Finance Limited

Prima Finance Ltd was set up by Brian Leslie in 2001, having previously worked for Bank of Ireland Private Banking. The firm specialised as an approved intermediary in the area of investments, lending and insurance in the initial years, but since 2009 have specialised in the area of Personal Insolvency. Prima Finance has a network of specialised and highly trained agents nationwide and is Ireland’s leading debt management firm. Prima Finance Debt Solutions completes a detailed standard financial statement with all clients initially. Thereafter, they engage with their clients and all their creditors to formalise a holistic and equitable restructuring/repayment plan for all sides, involving one of the four options as outlined above. Prima Finance Debt Solutions offers all our clients the broadest range of debt solutions and enables our clients find the most appropriate and suitable long term resolution to one’s debts. The firm has a team of approved Personal Insolvency Practitioners (PIPs) on hand to also advise all our clients. Don’t let shame, guilt or regret hold you back anymore from taking action and regaining control. Your debts will not go away unless you seek independent and specialise advice. Don’t agree any deal with your bank/creditor until you have got such specialist independent advice. Call us today on 1890 456 700 for a FREE and no obligation consultation! Benefits of our service:
• A team of experts to handle all negotiations and payments with your banks/creditors,
• The most highly regulated and authorised Personal Insolvency/Debt Management firm in Ireland,
• Just one repayment per month for all your loans/debts,
• We negotiate the most equitable and sustainable restructure of all your debts,
• Puts an end to stressful bank/creditor phone calls and letters,
• Get FREE advice from our team of experienced debt adviser and Personal Insolvency Practitioners nationwide. Prima Finance Debt Solutions experienced team of advisers examine all factors surrounding our client’s finances; their assets, all loans/debts, the security held by creditors, total income and expenditure and the surplus funds available to service monthly loan payments. We assist all occupations and professions;
• PAYE workers ,
• Self Employed individuals,
• Professionals,
• Company Directors,
• Other.

20/10/2014

Bankruptcy Updates

Prima Finance Debt solutions currently has two Bankruptcy cases successfully gone through and is currently working on several more to be completed by end of December 2014.

20/10/2014

Sample of Secured Deals attained in 2014 so far.

*KBC Deal on PDH Mortgage - A single individual has been offered a 5 year deal on their PDH. The payment is €783 per month int and part capital. However the client is in a position to pay €900. SO KBC have agreed to allocate the additional payment each month towards the capital.
*PTSB Deal on PDH- Separated couple where the wife is living in the PDH and the husband is living in the apt which was a buy to let. PTSB have agreed that the BTL can become a PDH for the husband and they have agreed a three year deal of interest and capital of €1530pm.
*Revenue- agreed to accept monthly payment proposal of €400 towards a debt of €70k with an annual review of the client’s finances.
*PTSB offer on PDH- A married couple in their late 40’s where husband is out of work. PTSB have agreed to a restructure of their mortgage based on a term extension resulting in lower payments of €836 per month on the life of the loan.
*Start Mortgages deal on PDH- Young couple struggling with their mortgage at present. Start have agreed to restructure the mortgage for a monthly payment of €540 per month towards interest and capital for 30 months with a review after that time.
*EBS deal on PDH – Young single person was offered the following deal from EBS. Monthly payment of €433 will contribute to a performing mortgage of €88k over the life of the loan. Park €17.6k int free and write off €80k at the beginning of the agreement. There is no claw back in the write off if the client sells the property in the interim.
*AIB Finance Deal – AIB agreed to accept a monthly payment of €350 towards a client’s vehicle over an extended period of 5 years. This ceased any repossession from AIB on the vehicle.
*Ulster Bank – Ulster bank agreed to the following in relation to a client who has a lot of properties. For the next two years they have agreed to give the client breathing space on his PDH and BTL but at the end of the two years the client will have to sell one of the properties.
*KBC – Offered a 5 year deal of int & part capital and capitalise the arrears on the loan. The repayment is €690 pm on a mortgage of €100k.
*Ulster Bank – An elderly couple with a mortgage of €50k were offered the following from Ulster bank: There current mortgage payment should be €789 pm however the bank has agreed if the client pays a payment of €300 pm for 5 years the bank will write off the difference of €489 pm.

10/09/2014

Video outlining the services Prima Finance Debt Solutions offer which is Private Debt Management Plan, Personal Insolvency and Bankruptcy.

Address

77 New Street
Killarney
CO.KERRY

Opening Hours

Monday 9am - 5:30pm
Tuesday 9am - 5:30pm
Wednesday 9am - 5:30pm
Thursday 9am - 5:30pm
Friday 9am - 5:30pm

Telephone

0646630340

Website

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