The number of people accessing personal insolvency arrangements in Ireland has increased by nearly two thirds over the past year.
A total of 771 new insolvency applications were recorded by the Insolvency Service of Ireland (ISI) in the third quarter of this year, according to its report. Of these, 638 were PIAs.
Meanwhile, 305 PIAs, debt relief notices and debt settlement arrangements were approved by the courts between July and September.
The number of PIAs approved rose by 65 per cent on the same period last year. An increase of 60 per cent was recorded between the third quarter of 2017 and the same period in 2016, suggesting t…
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