Will there be a deluge of bankruptcy cases in ROI once legislation is enacted.

[Gerry Canning]

<Post moved from Where is the best location/city to apply for bankruptcy in the UK? by moderator>

1. Given the amount of Hits on this and UK queries per Steve , it suggests there will be a Deluge of Bankruptcy cases in Roi once legislation is enacted.

Any views?

 

[Matthew Moore]

I think people are fixated on the UK as a solution and will need time to warm to the idea of going through the Irish system. There's a huge difference between hits/queries and actually going through the process. I wonder what the ratio of queries to actual cases which proceed is for ROI people in the UK. Maybe Steve could fill us in regarding his experience?
Personally I will be going through the Irish system and think there are far greater benefits to doing it here once the new legislation is enacted.

 

[Steve Thatcher]

I think people are fixated on the UK as a solution and will need time to warm to the idea of going through the Irish system. There's a huge difference between hits/queries and actually going through the process. I wonder what the ratio of queries to actual cases which proceed is for ROI people in the UK. Maybe Steve could fill us in regarding his experience?
Personally I will be going through the Irish system and think there are far greater benefits to doing it here once the new legislation is enacted.

My enquiry to hit ratio is huge.

Even more now. The people I sit down and meet are either here in the UK or have decided they are already coming. It will drop off of course it will. But for those still determined to come here the main motivating factor is still time.In and out in a year, more flexible living terms, plus the possibility of an extra five years of payments under the irish system.

Steve Thatcher

 

[Matthew Moore]

My enquiry to hit ratio is huge.

Steve Thatcher

How many people roughly in the last 3 years have you assisted though the bankruptcy process that were, to your knowledge, ROI residents prior to establishing their COMI in the UK?

 

[Matthew Moore]

In and out in a year, more flexible living terms, plus the possibility of an extra five years of payments under the irish system.

Steve Thatcher

How long can the courts attach an order to your income for in the UK?