Shatter seeks clampdown on British bankruptcy exodus

Ireland is seeking to stem the tide of citizens being declared bankrupt in Britain, with Minister for Justice Alan Shatter voicing his concerns to the British government.

3rd February, 2013
Bernard McNamara: filed for bankruptcy in Britain. Rules allow bankrupts there to be declared debt-free after one year.

Ireland is seeking to stem the tide of its citizens being declared bankrupt in Britain, with Minister for Justice Alan Shatter voicing his concerns directly to the British government.

The government is increasingly perturbed about the growing number of bankruptcy tourists - Irish individuals who relocate to Britain to avail of the generous bankruptcy regime there.

Shatter has raised the issue with the British government, and he is now using Ireland's presidency of the European...

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