Accountants' body welcomes Personal Insolvency Bill

Publication of the Personal Insolvency Bill 2012 today was welcomed by Chartered Accountants Ireland (CAI), with the professional body describing the legislation as a step which can help many people currently enduring economic hardship as a result of the financial crisis.

However CAI warned that anyone who seeks to enter into one of these settlements should be aware of the significant procedural and information challenges that they will need to address in order to avail of the new options.