Many Irish do not realise they are insolvent, says state agency

Many Irish people are living far below a reasonable living standard, paying bills based on who shouts loudest, the Insolvency Service of Ireland (ISI) has warned.

7th October, 2014
Many Irish people are counting their pennies in a vain effort to pay off unsustainable debt.

Many Irish people are living far below a reasonable living standard, paying bills based on who shouts loudest, the Insolvency Service of Ireland (ISI) has warned.

The state agency said that research it has undertaken shows that many people are scrimping on food and basics but don’t seek help because they don’t see themselves as insolvent, and are committed to paying off their debts themselves.

ISI said that it is planning...

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