Going for broke: The ordinary Irish people planning to file for bankruptcy in Britain

Some £200m of Irish debt was written off last year in the English courts - thanks to the tortuous nature of Irish legislation, writes Eleanor Rosney.

12th May, 2012
People are unable to cope with the pressure they find themselves facing in relation to their debts.

A British debt expert has called for a change to "tedious and inefficient" Irish bankruptcy legislation. Steve Thatcher of Irish Bankruptcy UK said at a seminar in Dublin last week that Irish legislation was out of date and made life unnecessarily difficult for those affected by it. Thatcher estimated that approximately £200 million of Irish debt was written off last year in the English courts.

Currently, it takes 12 years in Ireland for a person...

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