He referred to IFSC borrowings as a big issue for the Irish economy. Bizarre...
Did he really say that? Did he say why? It sounds very odd.
The whole episode had more to do with promoting his gyms than offering any sound financial advice.
Also one doesn't get the impression that in the UK you'll be scrutinised for how much you spend on toothpaste.
Correct. And Newry or Fermanagh can be quite nice places anyway for a relatively short period of time, especially for those who may live in border counties and who have friends and relatives across the border.I agree with Ben Dunne's advice to go to the UK if you can. People have been struggling now for quite a few years, the new insolvency agency has only just launced it's website but nobody can actually do anything yet as PIP's aren't licensed. Then you'll have a time period of perhaps a year to negotiate and then maybe a further 5 or so years of agreement with your bank. So about 10 years all told at least. 15 months in the UK and starting with a clean sheet sounds like a better option.
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