Bankruptcy is not a crime but can be a solution towards recovery

Our laws must be reformed to stop treating personal bankruptcy as a crime, writes Claire Moran.

BETWEEN January and September last year, 19 people in the country were declared bankrupt, up from 17 the previous year.

Bankruptcy has become an imminent reality for many people here. In other jurisdictions such as the US, 1.5 million people declared bankruptcy — 0.5% of the population. The corresponding figure here would be 20,000.