Bankruptcies set to rise in Donegal as rules are relaxed

first_img Bankruptcies set to rise in Donegal as rules are relaxed Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Previous articleCreed must follow through on Fishing Penalty Points pledge – CopeNext articleKelly delighted with win in Carlow Stages Rally admin Google+ Twitter Pinterest WhatsApp Facebook It has been claimed that the rate of bankruptcy cases in Donegal has increased dramatically since the change to the Irish bankruptcy regime in January.Official figures from the Insolvency Service of Ireland (ISI) show that there have been just 18 bankruptcies in the county in the last two years.However, Ryan Stewart, from Stewart Brown personal insolvency practitioners, has taken on seven new bankruptcy cases in just three weeks.He says the increase is down to a reduction in the period for bankruptcy from three years to one:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/05/ryanstewbankruptcy.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Homepage BannerNews Further drop in people receiving PUP in Donegal WhatsApp Twitter 75 positive cases of Covid confirmed in North Facebook 365 additional cases of Covid-19 in Republic By admin – May 9, 2016 Gardai continue to investigate Kilmacrennan firelast_img