Why has the expected torrent of debt deals slowed to a trickle?

When it was set up, the Insolvency Service of Ireland held the promise of debt relief deals for distressed borrowers – but many people are still submerged under debt, wrtites Emma Kennedy.

30th March, 2014
After five years of financial woes, it seemed like 2013 would mark the start of the solution for thousands of debt-laden families.

After five years of financial woes, it seemed like 2013 would mark the start of the solution for thousands of debt-laden families.

When the Insolvency Service of Ireland (ISI) opened its doors, to oversee three new debt relief options for distressed borrowers, there was a hope that change was finally on the way.

Last April, at the launch of the ISI's public information campaign, Minister for Justice Alan Shatter said it was a good day for...

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