Tomorrow, just days after Ireland's top bankers detailed the full scale of the enormity of Ireland's mortgage arrears crisis, the new personal insolvency service will start taking applications.
Thousands of debt-laden individuals are expected to take advantage of the new legislation, with figures for applicants in the first year likely to fall somewhere between the Department of Justice's estimate of 15,000 and research by Stubbs Gazette, which puts the number at 25,000.
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