Sunday August 9, 2020

Preparing to deal with the insolvency inspector

A large number of people are expected to make use of the new insolvency service, but how will it work and who can avail of it, asks Brian Walker.

24th March, 2013
Alan Shatter, the Minister for Justice, has estimated that there will be 18,000 applications for the new non-bankruptcy process.

The new Insolvency Service of Ireland (ISI) is expected to go live this week. Although the Personal Insolvency Act was introduced to help people avoid bankruptcy, it is inevitable that there will be a very significant increase in the number of bankruptcies in Ireland during the first few years of this new regime.

A failed (or deemed failed) personal insolvency arrangement may trigger a bankruptcy application by an irritated creditor. The new act provides that...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 7 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago