Corporate Recovery: Rebuilding a shattered economy

Personal insolvency legislation will have a major effect on struggling businesses, writes Dave Boland.

24th February, 2013
Barry Cahir, chairman of the Irish Society of Insolvency Practitioners (Isip): 'Examinership is very formal and rigid, and it can be expensive.' Photo: Tony O'Shea

Insolvencies are still happening and, if the statistics are to be believed, they are happening at an accelerated rate.

From a total of 1,525 in 2010 (according to the Insolvency Journal), the instances of insolvency among Irish companies rose to 1,638 in 2011; and just when it looked like the economy might have been turning a corner, Irish insolvencies outdid themselves once again, with 1,694 companies going out of business in 2012.

The majority of these insolvencies still happened in the...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago