Sunday February 23, 2020

The Low Down: tips for start ups

This week, Delia McMahon analyses the Personal Insolvency Bill.

28th July, 2012
Delia McMahon: "There is a need to distinguish between debtors genuinely unable to pay their debts and those who are unwilling to pay. "

The much-anticipated Personal Insolvency Bill, published on June 29, is aimed at modernising Ireland's archaic personal insolvency laws and addressing the obligations of debtors and the rights of creditors in a proportionate and balanced way. Aligned with this is the need to distinguish between debtors genuinely unable to pay their debts and those who are unwilling to pay.

The bill provides for:

**i)** the introduction of three non-judicial debt resolution processes for insolvent debtors who are...

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