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.
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 Steve Thatcher of Irish Bankruptcy UK said at a seminar in Dublin last week that Irish legislation was out of date and made life unnecessarily difficult for those affected by it.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...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine