Saturday June 6, 2020

ACCA boss suggests government should form state bankruptcy body

The government should set up a high-level group to deal with the rise in bankruptcies caused by the global credit crunch, according to the head of one of country’s largest accountancy bodies.

10th May, 2008

The government should set up a high-level group to deal with the rise in bankruptcies caused by the global credit crunch, according to the head of one of country’s largest accountancy bodies.

Brendan Foster,the newpresident of ACCA Ireland, said the current shortage of bank finance was leading to a significant increase in personal debt for individuals who had provided personal guarantees on loans. Foster said many of these people had counted on the...

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