Expert warns insolvency proposals will not be enough
The state needs more drastic measures to solve the personal debt issue, writes Emma Kennedy, Personal Finance Correspondent.
Failure to develop a proper legal structure for tackling Ireland's "pandemic of crushing debt" could act as an impediment to economic recovery, according to an international expert on insolvency.
Professor Jason Kilborn, a bankruptcy expert from the John Marshall Law School in Chicago and chair of a World Bank drafting group for a project on insolvency, said the Irish government's proposed legislation on personal insolvency "leaves a lot on the table".
He said failing to...
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