Menu
16/01/2012
NI Bankruptcy Soars
It has been revealed that more than four people a day have declared themselves bankrupt in Northern Ireland since April.
According to a statement by Enterprise Minister Arlene Foster during the financial year from April to January 10 there have been 1,164 bankruptcies. That compares to 906 in 2007/8.
The Minister said that those filing for bankruptcy range from homeowners to large property developers who owe in the region of £100m.
It is understood that the main reason for this is relief of debt and stress and more and more people are viewing bankruptcy as the way out of sticky financial situations.
(LB)
According to a statement by Enterprise Minister Arlene Foster during the financial year from April to January 10 there have been 1,164 bankruptcies. That compares to 906 in 2007/8.
The Minister said that those filing for bankruptcy range from homeowners to large property developers who owe in the region of £100m.
It is understood that the main reason for this is relief of debt and stress and more and more people are viewing bankruptcy as the way out of sticky financial situations.
(LB)
Related Northern Ireland News Stories
Click here for the latest headlines.
12 January 2005
Northern Ireland named UK's 'bankruptcy capital'
Last year saw a huge increase in the number of individuals declaring bankruptcy in Northern Ireland, according to research carried out by financial specialists Grant Thornton. In the year to September 2004 there was a 67% jump in individual bankruptcies, higher than anywhere else in the UK. London was second highest with a rise 52%.
Northern Ireland named UK's 'bankruptcy capital'
Last year saw a huge increase in the number of individuals declaring bankruptcy in Northern Ireland, according to research carried out by financial specialists Grant Thornton. In the year to September 2004 there was a 67% jump in individual bankruptcies, higher than anywhere else in the UK. London was second highest with a rise 52%.
15 November 2002
DETI provide guidance on bankruptcy
The Department of Enterprise, Trade and Investment Insolvency Service has published three new leaflets for people going through the process of bankruptcy. The latest figures available for the 12-month period ending March 31 show that almost 300 people were made bankrupt, with increasing numbers of people being made insolvent through consumer debts.
DETI provide guidance on bankruptcy
The Department of Enterprise, Trade and Investment Insolvency Service has published three new leaflets for people going through the process of bankruptcy. The latest figures available for the 12-month period ending March 31 show that almost 300 people were made bankrupt, with increasing numbers of people being made insolvent through consumer debts.
15 November 2024
New Pathway To Support Young People With Diabetes
Health Minister Mike Nesbitt has welcomed the launch of a new Regional Young Adults' Progression Pathway designed to support young people with Type 1 diabetes as they transition to adult services.
New Pathway To Support Young People With Diabetes
Health Minister Mike Nesbitt has welcomed the launch of a new Regional Young Adults' Progression Pathway designed to support young people with Type 1 diabetes as they transition to adult services.
01 August 2008
Bleak Bankruptcy Forecast For Top NI Developers
Crippling debts caused by the unprecedented housing market crash are thrusting leading Northern Ireland developers to the brink of bankruptcy. The stagnant market has left several top property developers near the point of ruin. The sheer scale and speed of the decline has taken many unawares.
Bleak Bankruptcy Forecast For Top NI Developers
Crippling debts caused by the unprecedented housing market crash are thrusting leading Northern Ireland developers to the brink of bankruptcy. The stagnant market has left several top property developers near the point of ruin. The sheer scale and speed of the decline has taken many unawares.
01 December 2009
Belfast's Danielle Addresses UK Cabinet
A young woman from Northern Ireland had the unique opportunity to address the UK Cabinet - including the Prime Minister - this morning. Danielle Burns, 24, from Belfast, was allowed to pitch her employment ideas to ministers after winning a competition via social networking website Bebo.
Belfast's Danielle Addresses UK Cabinet
A young woman from Northern Ireland had the unique opportunity to address the UK Cabinet - including the Prime Minister - this morning. Danielle Burns, 24, from Belfast, was allowed to pitch her employment ideas to ministers after winning a competition via social networking website Bebo.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
