The number of people adjudicated bankrupt fell to 111 in the first quarter from 142 in the fourth quarter of 2015 and 162 in the same period last year, new figures show.
"Given the recent introduction of a court review option for PIA proposals involving the family home rejected by creditors and the reduction in the bankruptcy term to one year, I expect activity levels in all areas to grow in the coming months," ISI director Lorcan O'Connor said.
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