Bankruptcy tourists eyeing Britain

Irish debtors are increasingly likely to see Britain as a better place in which to be declared bankrupt

12th March, 2011

As most people turn their minds to holidays, indebted Irish developers may be eyeing up England - but for reasons unconnected with a summer break.

‘‘Bankruptcy tourism’’ is a phrase that has been bandied about in insolvency circles for some time, but it came into sharper focus late last year when John Fleming, the former Cork-based property developer, was declared bankrupt in England on his own application.

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