There has been continued strong growth in personal insolvency arrangements, up 31% in 2018 compared to the previous year.
Personal insolvency arrangements are designed to return debtors to solvency while keeping them in their home in over 95% of cases.
According to the latest statistical report by Insolvency Service of Ireland, the number of arrangements are up 41% in the fourth quarter of the year compared to the equivalent quarter in 2017.
Lorcan OConnor, Director of the ISI, said while there are some fluctuations within the statistics, the overall trend continues to point towards more people seeking to avail of the solutions available through the ISI that return insolvent debtors to solvency. “It is encouraging to see a one-third incr…
Read the full article at: https://www.rte.ie/news/business/2019/0122/1024776-strong-growth-in-personal-insolvency-arrangements/