Personal insolvency office begins taking applications
QTHE Government's new personal insolvency service will start taking applications today, with estimates that as many as 25,000 people struggling with debt will apply to it in its first year.
The launch comes after months of controversy over the measures people struggling with debt will have to go through in order to access the service.
The Department of Justice estimates some 15,000 people will use the Insolvency Service of Ireland (ISI) in its first year – although debt collection agency 'Stubbs Gazette' estimates it could be as much as 25,000.
Anyone who gets an Insolvency Service deal will have to restrict spending in line with what is called reasonable living expenses.