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AUDIO: "Don't got insolvent, go bankrupt"

A financial advisor is urging people with debt problems to consider bankruptcy as an alternative ...
Newstalk
Newstalk

06.46 9 Sep 2013


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AUDIO: "Don't...

AUDIO: "Don't got insolvent, go bankrupt"

Newstalk
Newstalk

06.46 9 Sep 2013


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A financial advisor is urging people with debt problems to consider bankruptcy as an alternative to insolvency, saying it may suit some people better.

There’s been a cautious welcome for the new Insolvency Service which is taking applications from today from people hoping to have their debts written off.

Anyone using the service should first consult a registered Insolvency Practitioner to negotiate a deal with their lender.

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Financial Advisors, Neo Financial Solutions, have today launched a guide to bankruptcy in Ireland.

It’s Chief Executive Paul Carroll says up to a third of people he’s consulted would be better suited to bankruptcy.


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