Money Week

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Insolvency agency called a failure

Last week’s focus was firmly on Budget 2016, but earlier in the week there were new statistics from the Insolvency Service of Ireland.

The ISI’s latest data points to a 25 per cent increase in the number of personal insolvency arrangements, but a drop in the number of debt relief notices (DRNs) and bankruptcies.

Now, the state’s insolvency agency is gearing up for an increased demand for DRNs ...