Big issue in the proposed Insolvency Bill is the usual suspects are wondering how they can carve it up and take control of any money that can be earned out of it, not much credence been given to the person in financial difficulties.
The bill has not gone through Dail yet but everybody knows who going to run it, one organisation is moving to bigger offices and can tell you freely what their role will be, I thought we lived in a democracy?
Just a few figures to give an idea of the task.
Ireland V Scotland.
Similar sizes, similar populations.
Last year there was 20,000 personal insolvencies in Scotland.
For everybody that was made bankrupt by a Creditor,7 applied to have themselves made Bankrupt.
12,000 Bankruptcies
8,000 Protected trust deeds.
They have Bankruptcy of this nature in Scotland for years.
Take the Irish Situation where we have at least 5 years of a back log of people looking for insolvency this would indicate we could have in excess of 100,000 applications in year one.
I rest my case
The bill has not gone through Dail yet but everybody knows who going to run it, one organisation is moving to bigger offices and can tell you freely what their role will be, I thought we lived in a democracy?
Just a few figures to give an idea of the task.
Ireland V Scotland.
Similar sizes, similar populations.
Last year there was 20,000 personal insolvencies in Scotland.
For everybody that was made bankrupt by a Creditor,7 applied to have themselves made Bankrupt.
12,000 Bankruptcies
8,000 Protected trust deeds.
They have Bankruptcy of this nature in Scotland for years.
Take the Irish Situation where we have at least 5 years of a back log of people looking for insolvency this would indicate we could have in excess of 100,000 applications in year one.
I rest my case
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