Friday November 27, 2020

Corporate Recovery: Insolvency about to get personal

Tomorrow will see the start of applications to the Insolvency Service of Ireland. Will there be a rush, and how will the banks take it? Dave Boland reports.

7th September, 2013
Stephen Scott, a director in accountancy and business service provider Baker Tilly Ryan Glennon.

It has been a long time in coming, but tomorrow marks an important milestone in Ireland's economic recovery. This is because the first applications will be accepted by the Insolvency Service of Ireland (ISI), changing forever the way in which the country deals with personal insolvency and bankruptcy.

These applications are a culmination of circumstance and legislation, with IMF pressure leading to the passing first of a draft bill in January 2012, which in turn...

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