New personal debt rules are a start

New personal debt rules are a start

The insolvency service faces a huge job, with new rules, new practitioners and an uncertain response from the banks, which will have a key say as the main creditor in most cases.

Is there some reluctance about the government's overdue launch of the new personal insolvency regime? No doubt there is. There is nothing easy about this politically. Helping those in debt risks annoying those who are just getting by - particularly at a time when the state owns a fair chunk of the banking sector. There is no immediate risk of banks needing new capital, but as the process gathers pace, this is a risk -...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

More from The Business Post