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Debtors to get one-week annual holiday allowance of up to €1,500 | Business Post

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Debtors to get one-week annual holiday allowance of up to €1,500

The allowance is to give people leeway to meet their ‘psychological and social needs’ while resolving their financial difficulties. Picture: Getty Images/iStockphoto

People who get debt write-offs will be given an annual “holiday allowance” for the first time, under new living expenses guidelines to be published this week. They will be allowed to shield some of their earnings to pay for a one-week domestic holiday rather than having the money deducted for repayments of their remaining personal debt.Subscribe from just €1 for the first month!

 

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