105 people were adjudicated bankrupt here last year, according to the Insolvency Service of Ireland (ISI), a 47% reduction on a year earlier.
A further 189 people exited bankruptcy the ISI annual report for 2022 shows, up from 135 in 2021.
In total, 1.453m in dividends were paid from bankruptcy estates to creditors, the service also said.
The ISI said 1,151 protective certificates were issues, 90% of which were for Personal Insolvency Arrangements (PIAs), the solution that deals with mortgage debt.
1,076 debt solutions were put in place over the course of the year, down from 1,193 a year earlier and 19 bankruptcy payment orders granted.
“Last year was an extremely turbulent one for the economy with significant financial pressures falling…
Read the full article at: https://www.rte.ie/news/business/2023/0620/1390177-105-people-adjudicated-bankrupt-in-ireland-last-year/