The number of new applications for insolvency solutions through the Insolvency Service of Ireland (ISI) increased by 39 per cent in 2017.
The figure is contained in the ISIs latest annual report, which Justice Minister Charlie Flanagan laid before the Oireachtas yesterday.
Speaking afterwards, Mr Flanagan thanked Lorcan OConnor, director of the ISI, and his staff for their dedicated work in helping debtors return to solvency in Ireland.
In 2017, 118 family homes were transferred back into the ownership of former bankrupts, the ISIs report reveals.
He continued: I am heartened by the positive outcomes of this work and, in particular, the fact that debtors have been enabled to stay in their homes in over 90…
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