Clune: Unforgiving bankruptcy laws need to change

THE country’s punitive bankruptcy laws must change to encourage more people to get involved in business.

“There is no forgiveness in Ireland for business people who try hard to succeed but end up having to file for bankruptcy,” said Fine Gael’s spokeswoman on Innovation, Deirdre Clune TD.

Bankruptcy is seen as the result of money mismanagement or fraud and where those who have worked hard but failed are given little support.