Personal Insolvency Act 2012: Annotations and Commentary - a Guide to Irish Law

In Ireland, the much anticipated Personal Insolvency Act introduces wide-ranging measures seeking to deal with the issue of personal debt affecting many people. The headline changes will mean the reduction of the period a person is bankrupt from 12 years to 3 years, and the introduction of three new debt resolution processes which, while being under the jurisdiction of the Irish courts, are predominantly non-judicial based processes involving the newly established Insolvency Service. The Act changes the Bankruptcy Act 1988. This book is a practical and useful guide on Ireland's Personal Insolvency Act. Written for solicitors, in-house counsel, and tax practitioners, it is fully annotated and provides full guidance on how to follow the rules on becoming insolvent. The debt resolution process is also detailed and analyzed.