One-off grant for Sole traders and tradesmen. Covid update

Sole traders and tradesmen affected by Covid-19 can avail of a new €1,000 one-off grant for related expenses.
The funding – which has been dubbed the ‘white-van man’ grant – will be available to self-employed workers and small business owners.
The grant is aimed at sole traders such as plumbers, electricians, carpenters and taxi drivers who are trying to return to work after the coronavirus lockdown.
It is a new support for self-employed businesses that are not eligible for other Covid-19 Government grants.
The money is available to business owners who employ fewer than 10 people, are not liable for commercial rates and have an annual turnover of less than €1m.
It will be paid on the basis of expenditure incurred by a business seeking to get back to work and cover all costs up to €1,000.
The funding can be used to pay for salaries, fuel, new equipment, signage or personal protective equipment (PPE).
The Enterprise Support Grant previously provided support for entrepreneurs to set up new enterprises.
But it has now been reconfigured to specifically provide one-off supports for self-employed people who have been severely impacted and have had to cease operations as a result of the pandemic.
To qualify, a business owner must have come off the Pandemic Unemployment Payment after June 27th.
“You go onto the Department of Social Protection website, you download the application form and send it to your local Intreo office.”

https://www.gov.ie/en/service/739f3-enterprise-support-grant-for-buisnesses-impacted-by-covid-19/

Restart Grant Plus. Covid Update

Restart Grant Plus
Brief details of the grant

The Restart Grant Plus is a NEW standalone grant that is available to all eligible rateable businesses, including those who received a grant in the previous Restart Grant Scheme.
Applicants who received a grant under the first Restart Scheme can apply again for a second grant by submitting the declaration form on the website. First-time Applicants who are now eligible under the Restart Grant Plus Scheme must complete and submit the online Application Form.
To be eligible for the grant a business must:
Be a commercial, trading, entity;
Operate from a premises that is commercially rateable by a local authority (but see FAQ 9 re certain B&B establishments);
Have 0 – 250 employees;
Have a turnover of less than €100k per employee to a maximum of €25m ;
Have suffered a 25%+ loss in turnover between 1st April and 30th June 2020.
Commit to remain open or to reopen if closed; and
Intend to retain employees that are on The Temporary Wage Subsidy Scheme (TWSS).
Pease refer to your Local Authority and the FAQ provided.
Wexford Co Co link quoted below
https://www.wexfordcoco.ie/business/business-supports-and-grants/restart-grant-for-small-businesses

Do not fear the word Insolvency

When you hear Insolvency what springs into your mind? Do you fear the word Insolvency as people often associate insolvency with Bankruptcy, which is not the case. Insolvency is a means in which you can write off some of your unsecured debt and try to restructure any remaining secured debt. If you engage with R Hendy & Co you will have a Personal Insolvency Practitioner draw up a formal agreement with your creditors that will hopefully bring you from Insolvency to Solvency within 6 months – 6 years. Contact the Insolvency Department today on 0402 29376 and take the first step to becoming solvent again.

Financial health check.

Have you took the time lately to have a financial health check?
Isn’t this a great time to have one if you haven’t already done so!! Here is some advice we have for you.
Take an hour out of your day and sit down and go through all your paperwork. Starting with your Bank Statements take note of all your expenses. Make two lists essential and non essential. Do a total of your months expenses on each column. On your non essential column how much does your figure come to? What can you do differently with your money next month that puts you and your family financially in a better place? Plan ahead with next months salary. allocate money per week on essential bills and think before you spend!!
Our second bit of advice we have for you is to shop around. Take the time to look at your utility bills and see can you get a better deal elsewhere? Phone around to different companies and compare the prices. Like wise take out your life policies and home insurance policies, it might be easier to stay with the company you are with, but could you get a better quote elsewhere. We at R Hendy & Co can give you a life insurance quote today. Maybe our quotes are better than what you are already paying at the moment. Contact us on 0402 29376 and we will give you a quote.

Lockdown in Ireland until 05 May 2020

Lockdown in place in Ireland until 05 May 2020.
We at R Hendy & Co are deemed an essential service and are working remotely. Are you in mortgage arrears or have you got debts that you cannot get on top of? Then this is your time to contact R Hendy & Co. Only because the country is in a lockdown does not mean after lockdown your debts are going to disappear. Take the first step today and contact our Insolvency Department on 0402 29376. At present we are not taking meetings face to face but with technology these days you can have a meeting with a Personal Insolvency Practitioner over the phone or maybe even a video call on skype or zoom. If you are in mortgage arrears you are eligible for an Abhaile Voucher, this covers all costs for your initial meeting with a PIP. Get your advices given to you today, and lets get your mortgage and debts back on track.

Easter

The Offices of R Hendy & Co are closed from today Thursday 09 April @4pm and will re-open on Tuesday 14 April 9am.
We would like to take this time to wish all our clients and their families a very Happy Easter.

Change in Circumstance?

Have your family had a recent change in circumstance?
Do you find yourself in a predicament where you are now paying a mortgage with one income instead of two?
Someone passed away? Someone has developed an illness? Someone has became unemployed? Whatever the reason may be, you cannot afford the mortgage with 1 income.
Then it’s time to phone R Hendy & Co.

We act as your Personal Insolvency Practitioner and liaise with your creditors. We try to re-structure your mortgage to make it affordable for the household, either by writing off a certain portion of the mortgage, extending the term loan or even changing the interest rates. We put forward different proposals to your creditors and if agreed you will be put into an Insolvency Arrangement for a period of time. After your arrangement is complete, you will continue to make mortgage repayments as to what was agreed in the arrangement. This can be life changing for some people who find themselves in the above situations. Contact us and we will try our very best for you.

Insolvency Options

Do any of these insolvency options relate to your financial difficulties?
If so do not hesitate to contact us on 0402 29376 ext 1.

What is a Debt Relief Notice?
A Debt Relief Notice (DRN) is an insolvency solution for people who have a low income, few assets and debts of less than €35,000.
It is a formal agreement that allows for the write off of debts up to €35,000 where it is unlikely that a person will be in a position to repay them and it is unlikely their financial situation will improve in the next 3 years.
Debts such as personal loans, credit card loans, store cards, credit union loans and overdrafts could be included in a DRN.
However, it is not a suitable solution for people with a mortgage.
If this applys to your situation, contact your local MABS Office.

What is a Debt Settlement Arrangement?
A Debt Settlement Arrangement (DSA) is an insolvency solution for people who have unsecured debts – credit cards, loans, overdrafts etc. For mortgage-related debt please see Personal Insolvency Arrangement.
A Debt Settlement Arrangement is a formal agreement with creditors that allows for some write off of debt. With this solution a person agrees to pay a percentage of their overall debt over a specified period of time. At the end of that period of time they will be solvent.
If this applies to you please contact R Hendy & Co on 0402 -29376

What is a Personal Insolvency Arrangement?
A Personal Insolvency Arrangement (PIA) is an insolvency solution for people with unsecured and secured debts. Secured debt is a debt backed or secured by an asset (e.g. a housing loan where a house is mortgaged to secure the loan debt).
It is a formal agreement with creditors that will write off some unsecured debt and restructure any remaining secured debt, while keeping the person in their home where possible.
If this applies to you please contact R Hendy & Co on 0402-29376

What is bankruptcy?
Bankruptcy is a formal High Court insolvency solution for people in debt over €20,000. During the bankruptcy process, the ownership of the person’s property and possessions transfer to the Official Assignee in Bankruptcy to be sold by him for the benefit of those to whom the individual owes debts (creditors).
When the person’s property is sold, the Official Assignee will make sure that the proceeds are shared out among creditors and any outstanding debt will be written off.
If this applies to you please contact R Hendy & Co on 0402- 29376

Struggling financially during this uncertain time?

Covid-19 is not only having an effect on peoples physical health it is having a huge effect on peoples work lives and their income. If you are suffering financially and you are struggling to make mortgage payments, if you cannot pay your debts we at R Hendy & Co can help you.
Contact our insolvency team today on 0402 29376 ext 1. We are not taking face to face meetings at present but we can give advices to you via video call on zoom or skype or phone calls.
During this time of isolation and social distancing, this is the time where you can get you and your family’s financial burdens back on track and we can help you keep your family home. Contact us today at R Hendy & Co.

Covid-19

*****Important Notice********
R Hendy & Co are deemed an essential service as per the list furnished by the Government. We wish to advise our clients that both the offices at 9 Court Street, Enniscorthy & 59 Ferrybank, Arklow are closed to the public. However our staff are still working remotely. If you had a meeting arranged that was cancelled we can re arrange a meeting via phone call, zoom or skype. Should you have any letters or documents that you need to give to us, you can post them to the above addresses or put them through either of our letterboxes at both offices.