Thursday June 4, 2020

Britain and bust: the bankruptcy tourists

Hundreds of Irish people are availing of Britain's lenient bankruptcy laws. Who are they, what does it mean and can the trend be reversed? Ian Kehoe reports.

3rd February, 2013
'Will Ireland's new insolvency service stem the flow of bankruptcy tourists?'

They know all about Ireland's busted boom in Sandyford. Once feted as Dublin's next frontier, Sandyford captured the attention of Ireland's buccaneering developers, all looking for the next big thing. The banks bought the vision, advancing hundreds and hundreds of millions of euro to a small number of big speculators to make it happen.

The idea was to buy up Sandyford's vast green fields, and transform them into a gleaming, sparkling metropolis, bustling with shoppers,...

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