New figures from the Insolvency Service of Ireland show that almost 900 people applied to put a formal arrangement in place with their lenders.
The figures were for the three months to the end of September. This was up 102pc on the same three months last year. But the number of heavily-indebted people who secured a formal deal from their banks and other lenders fell in the three months to September, when compared with the same quarter last year.
Just 180 people had a deal known personal insolvency arrangement (PIA) approved in the July to September period. This was down by five PIAs in the same quarter last year.
A PIA allows a person to reduce what they are paying, and return to solvency while staying in their home. There was als…
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