The number of bankruptcies in Ireland increased last year, according to the Insolvency Service of Ireland (ISI)s latest annual report.

According to the report, there were 479 bankruptcies in 2015 up seven per cent from 448 in 2014.

There was also a massive increase in the number of people who were returned to solvency thanks to the ISI.

Justice Minister Frances Fitzgerald said: During 2015, the ISI helped almost 2,000 debtors secure permanent debt solutions that returned them to solvency, up 70 per cent from 2014.

The number of people availing of solutions through the Insolvency Service of Ireland has continued to grow in 2016. During 2015 ISI received 2,028 applications, 1,371 Protective Certificates were issued and almo…

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