Bankruptcy laws must be changed to boost recovery
Ireland’s outdated bankruptcy code takes an unfair toll on those who find themselves having to avail of it.
Only when we tend to the wasteland of personal insolvency and address the deficiencies in our bankruptcy legislation can the green shoots in our economy emerge. As our economic problems have deepened, so too have the fortunes of many sole traders, directors and investors who contributed positively to state revenue and employment creation in the good years. Many of these men and women cannot restructure their debt without the benefit of court protection, and are...
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