The number of people seeking debt solutions continued to rise between April and June, according to new figures from the Insolvency Service of Ireland (ISI).
There were 1,259 new applications for debt solutions during the second quarter, an increase of 71% on the same period last year.
The vast majority of the applications (1,082) were for personal insolvency arrangements, which provide for the restructuring or settlement of secured debt up to 3m.
A total of 9,361 debt-solution applications have been submitted to the ISI since its inception in 2013. During the first year just 112 applications were made.
The data also show the number of protective certificates – the first stage in the debt solution process – issued between …
Read the full article at: https://www.rte.ie/news/business/2017/0802/894708-number-of-people-seeking-debt-solutions-continues-to-ri/