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SOME 3,000 applications for bankruptcy are expected over the next twelve months, following the commencement of new laws which came into effect from last month.
In response to a parliamentary question, Shatter said that when the legislation commenced, there was a total of 189 people who had been declared bankrupt by the courts. Of that number, 73 have been bankrupt for three years or more.
These people will be eligible for automatic discharge six months from the 3 December legislation commencement date.
In 2013 there were 58 people declared bankrupt in Ireland.
“I am advised that this calendar year, seventeen people were made bankrupt on their own application,” Shatter said. “Five of these self-adjudications were made following the recent amendments to the bankruptcy regime, namely the reduction in the bankruptcy term from 12 years to three”.
Given the reduced term, the minister said he anticipated “that there will be a significant increase in the number of bankruptcy applications”.
“A tentative estimate of the numbers expected to avail of bankruptcy over the next 12 months is 3,000,” he said.
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How long can it take to write down that you will financially punish anyone with a car and crisscross the nation with cycle lanes?
@Mogh Roith: And state over and over again that you’re going to build more DART lines and metros/public transport but never build it. Must be costing the state tens of millions to keep the charade going.
Jayus that photo. Nauseating .
@Paul Gorry: you don’t like the Mazdas I take it Paulie?!
@Joe Kennedy: more a Toyota fan meself joe.
@Paul Gorry: same Paul….Toyota all day long!
You must be joking this government has missed a deadline
@kevin mc cormack: or two.
Choked and Air polluted Galway City has missed several deadlines for a Bypass over the last Five Years. Get your Green finger out and face the reality of necessity for clean air in the City.
Sure all the greens have done is put taxes on everything they could. Did it this government and did it the last time they were in government. They’re policy is put a carbon tax on it and more cycle lanes to nowhere.
Green or not so green all their rules haven’t worked or the cycle lanes time to go
Hard to believe that micro / smaller States within EU like Malta , Cyprus , Luxembourg with less resources can Lodge thier plans on time and Irekabd cannot , Odd also that with a ” Green Minister” that We could not achieve this deadline ..????? Is He ( Eamon Ryan ) seeking perfection or “what gives” as they say ? The sad thing is that it really does not matter that much anyway since China and India along with insane population growth in Africa + South + Central America etc has condemned us to exceeding 2% .yet the Woke Mib only interested in criticising Europe + North America exclusively.
Ryan probably missed the deadline because he was asleep
The Greens just don’t have time to draw up a plan. They are too busy blighting or streets with plastic poles to protect cyclists.
Half of the city (Dublin) has so much plastic poles that it looks like permanent roadworks.
Shame on you Green Party. You’ve blighted our city with plastic. The same plastic that you do whinge about. FAIL!
Saving up all the green tax. Long term savings plan.
What are all his assistants/advisers doing for their money. Just curious.
What about all the coal comming in to money point to fuel electricity cars and we are not allowed burn it
A simple fact that nothing gets done in good old Ireland !
A shur life goes on anyways,
have your say