Irish Examiner view: Our culture trap on debt helps Goliaths

Massive debts are written off for some while others lose homes for comparatively small debts; maybe it’s time to review our legislation and cultural mores

The High Court this week ruled that a businesswoman, who became insolvent in the mid-2000s, could have the majority of her €14.3m debt written off under a personal insolvency arrangement. Picture: Laura Hutton/RollingNews.ie

Though polite society once pretended to prefer not to talk about money or property, the idea of ownership was, and remains, a huge force in this society. 

We, by consensus, put property rights on a cultural and legal pedestal, overshadowing almost everything we do.