The Insolvency Service of Ireland, which helps people tackle personal debt problems, said it saw an increase in demand for its services last year with applications for insolvency solutions, other than bankruptcy, increasing by 20% compared to 2022.
In its annual report today, the ISI said 72 people were adjudicated bankrupt in 2023, down from 105 in 2022. 99 people also exited bankruptcy last year.
More than 1,560 new insolvency applications were made last year, while the ISE website reported a total of 87,791 visits.
The ISI added that a total of 1,001 debt solutions were put in place, while a total of 1,325 Protective Certificates were also issued, 90% of which were for Personal Insolvency Arrangements – the solution that deals with mo…
Read the full article at: https://www.rte.ie/news/business/2024/0621/1455941-insolvency-service-of-ireland-report/