Personal insolvency applications reached a record high in July, according to figures from business and credit risk analyst CRIF Vision-net.
The Insolvency Service of Ireland (ISI) received 239 applications for personal insolvency arrangements, debt relief notices and debt settlement arrangements. This is a 125 per cent increase on the 106 applications made in July last year.
The number of applications to the ISI have been higher in almost all months this year in comparison to 2019, CRIF Vision-net said, but July has seen the largest spike to date.
The majority of the applications 199 of the 239 total were for personal insolvency arrangements, which were at their highest level since the inception of the ISI in 2013.
A personal insol…
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