Tuesday July 14, 2020

Bankruptcy: a booming Irish export

With far less punitive bankruptcy in Britain, increasing numbers of Irish people are travelling there to declare bankruptcy, at least until new insolvency laws reform the situation here.

12th July, 2012
Westlife's Shane Filan has joined other high profile Irish figures who have trekked across the Irish Sea to become bankrupt.

While Ireland’s property crash cost millionaire pop star Shane Filan his fortune, he chose last month to go bankrupt in London rather than Dublin.

Filan, 33, the lead singer in the band Westlife, joins high-profile Irish figures, including the country’s former richest man, Sean Quinn, and property developer Thomas McFeely, an ex-IRA hunger striker, in opting for bankruptcy protection in Britain.

The attraction for insolvent Irish people dealing with fallout from the...

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