This January the Central Statistics Office (CSO) has for the first time released the results of the Household Finance and Consumption Survey.
Next month new bankruptcy legislation will is due to be passed by the Irish parliament. The hugely important new bill looks set drag Ireland’s laws insolvency kicking and screaming into the 21st century, creating a vital escape route for struggling debtors.
Many of Ireland’s insolvency laws have been in effect for over 100 years, but all that is now coming to a close.
The European Commission has imparted the importance of Ireland honouring it’s financial commitments in terms of repaying national debt.
A new report on the governments latest Personal Insolvency Bill has recommended that MABS should take on a role in new debt plans.