€100m Irish debt written off in UK’s ‘simpler’ process

More than €100m of Irish debt has been written off in the UK over the past 18 months, using a system that is simpler to use for those in financial difficulties.

Ireland’s insolvency system needs to be improved if it is to become a real alternative to bankruptcy, according to one of the country’s leading insolvency experts.

More Irish people are processing debt through the UK’s Individual Voluntary Agreement (IVA) process than through the Irish Debt Settlement Arrangement (DSA) system.