Bankruptcies expected to soar next year
The number of bankruptcies is set to grow a hundred-fold next year due to the personal insolvency legislation, according to an estimate by Minister for Justice Alan Shatter.
The number of bankruptcies is set to grow a hundred-fold next year due to the new personal insolvency legislation, according to an estimate by Minister for Justice Alan Shatter.
In a response to a parliamentary question from Michael McGrath TD last week, Shatter said his department was expecting 3,000 bankruptcy applications in the first full year of operation of the new law and systems for dealing with unsustainable debts. There were about 30 bankruptcy adjudication...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine