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There has been a 568% increase in the number of bankruptcy adjudications before the courts.
Giving tax cuts in the upcoming budget would be popular, but it’s not the right thing to do.
Debt write-off has always been part of the economic order. The establishment will resist it – as it always does – but the future of Ireland, dark or bright, will be determined on this battlefield, writes Ross Maguire.
In the first three months of the ISI’s existence, it was inundated with calls and emails.
The Occupy movement started as a nebulous concept, but has recently begun buying personal debt.
The new Personal Insolvency Act may work for some but it’s deficient for a sizeable portion of distressed borrowers, writes Ronan Coburn.
New mortgage figures show that 94,488 mortgage accounts are in arrears of more than three months.
In a speech this evening, the governor of the Central Bank said living standards have fallen in Ireland by some 17 per cent since the peak of the boom.
Central Banker Joe McNeill says that overall credit card debt is down since 2008, though the per-card average really hasn’t changed.
Statistician Joe McNeill is due to give the Committee on Finance an overview of non-mortgage personal debt in Ireland later today.
Almost half of people are worried about losing their jobs or having difficulty finding work in 2012 according to a Samaritans’ survey.
The Free Legal Advice Centre says there has been a 400 per cent increase in debt queries in the last three years with a 45 per cent rise in the last year alone.
Two separate reports indicate that more and more Irish families are being pushed into poverty as record numbers contact advisory services seeking help.