190 Galway people declared insolvent or bankrupt since 2014

Galway Bay fm newsroom 190 Galway people have reached arrangements on debt or been made bankrupt in the last 3 years.

Thats according to the latest report from the Insolvency Service of Ireland.

The report cover the period from the beginning of 2014 to the first quarter of this year.

It reveals that 84 people were declared bankrupt during that time across the city and county.

A further 106 people reached an agreement on their debts in that period.

These include arrangements such as Personal Insolvencies, debt settlements or debt relief.

Nationally, applications for debt relief, insolvency or bankruptcy is up by over 128% so far this year.

However, 90% of debtors manage to keep their family home.

Galway Bay fm newsroom 190 Galway people have reached arrangements on debt or been made bankrupt in the last 3 years.

Thats according to the latest report from the Insolvency Service of Ireland.

The report cover the period from the beginning of 2014 to the first quarter of this year.

It reveals that 84 people were declared bankrupt during that time across the city and county.

A further 106 people reached an agreement on their debts in that period.

These include arrangements such as Personal Insolvencies, debt settlements or debt relief.

Nationally, applications for debt relief, insolvency or bankruptcy is up by over 128% so far this year.

However, 90% of debtors manage to keep their family home.

190 Galway people declared insolvent or bankrupt since 2014 – Galway Bay FM