Thursday 21 September 2017

No sign of light for the ordinary Joe shackled by mortgage debt

STUCK IN BONDAGE: Chiwetel Ejiofor and Michael Fassbender in ‘12 Years A Slave’
STUCK IN BONDAGE: Chiwetel Ejiofor and Michael Fassbender in ‘12 Years A Slave’
Charlie Weston

Charlie Weston

AS each day passes, the flaws in the new personal insolvency process become more obvious.

The system, under the auspices of the Insolvency Service of Ireland, was supposed to be a panacea for the personal debt problems of ordinary people.

Bust borrowers desperately need to be released from their debt slavery if they are again to make an economic contribution to society. Massive household indebtedness is a persistent drag on the economy.

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