Courts / Ireland / Report
12 people adjudicated bankrupt at the High Court
Summary
On Monday, the High Court adjudicated twelve individuals bankrupt, following the usual weekly list of 12‑20 cases. Justice Caroline Costello read the relevant documents in advance and made the decisions. After each adjudication, the Official Assignee takes control of the bankrupt's assets. The court also approved statutory sittings for sixteen people who had already been declared bankrupt, allowing creditors to attend and have their debts included. Most petitions were brought by the individuals themselves, who were mainly in their thirties and early forties, including a few couples. The average debt was around €250,000, largely owed to banks and financial institutions. Mr David Hall, CEO of the Irish Mortgage Holders Organisation, noted that many people are seeking bankruptcy "through no fault of their own" and called for a reduction of the bankruptcy term from three to one year, a proposal supported by the Labour Party but opposed by Fine Gael.
Who, what, where, when and why
What: Report matter: 12 people adjudicated bankrupt at the High Court. Procedural stage: hearing_or_decision
When:
- 2015-04-20 Publication
Why: His client's debts had not built up because of extravagant spending. CNI source report
Places mentioned
- High Court
Topics
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