Hi all
I was at a course last week in Belfast.
The course focused on the different methods of insolvency in Northern Ireland and the Republic of Ireland.
During the course of the day, the presenter talked about 'Bankruptcy tourism'.
Where people from Ireland are moving to UK or elsewhere, working for a few months, decaring themselves bankrupt and therefore escaping Irish debts.
If the UK is the country of choice, you are bankrupt for 12 months and are then debt free.
I find this unbelievable and of course its immoral but apparently it is happening. The presenter (an insolvency practitioner) has personal experience of this practice.
And, of course when we look at what David Drum is trying to do, it all makes sense.
I was just wondering if anyone has had personal experience of this?
I was at a course last week in Belfast.
The course focused on the different methods of insolvency in Northern Ireland and the Republic of Ireland.
During the course of the day, the presenter talked about 'Bankruptcy tourism'.
Where people from Ireland are moving to UK or elsewhere, working for a few months, decaring themselves bankrupt and therefore escaping Irish debts.
If the UK is the country of choice, you are bankrupt for 12 months and are then debt free.
I find this unbelievable and of course its immoral but apparently it is happening. The presenter (an insolvency practitioner) has personal experience of this practice.
And, of course when we look at what David Drum is trying to do, it all makes sense.
I was just wondering if anyone has had personal experience of this?