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Continued rise of Irish people seeking help with debt

Staff Writer | August 4, 2017
The number of Irish people looking for help to manage debt continued to rise between April and June, according to new figures from the Insolvency Service of Ireland (ISI).
Irish people
Ireland   Insolvency Service of Ireland
According to ISI, there were 1,259 new applications for debt solutions during the second quarter, an increase of 71 percent on the same period last year.

The agency said the vast majority of the applications were for personal insolvency, which provided for the restructuring or settlement of secured debt.

Since its inception in 2013, there have been 9,361 applications submitted to the ISI.

During the first year, just 112 applications were made.

The ISI is an Irish independent statutory body whose main functions are to monitor the operation of arrangements relating to personal bankruptcy.