Lorcan O’Connor, director of the  Insolvency Service, said on Tuesday that applications for debt relief are likely to continue to increase over the coming months. (Photograph: Eric Luke / THE IRISH TIMES)

Some 570 people applied for debt relief during the first quarter of the year, an increase of 16 per cent on 2015, according to figures from the Insol(...)

Minister for Justice and Equality, Frances Fitzgerald, has signed into law new bankruptcy legislation which will reduce the bankruptcy term from three years to one year.

Minister for Justice and Equality, Frances Fitzgerald, has signed into law new bankruptcy legislation which will reduce the bankruptcy term from three(...)

Insolvency Service of Ireland director Lorcan O’Connor said the new order “is good news for people in mortgage difficulty, as it strengthens the likelihood of a [personal insolvency arrangement] proposal being accepted”. File photograph: Eric Luke/The Irish Times

Borrowers will now be able to apply for a court review when a creditor rejects a personal insolvency proposal. Minister for Justice Frances Fitzgerald(...)

Lorcan O’Connor, director of the ISI, expects activity to increase over the rest of the year. ( Photograph: Eric Luke / THE IRISH TIMES)

There was a significant reduction in demand for debt restructuring during the third quarter of 2015, with figures from the Insolvency Service of Irel(...)

People have until Friday, June 19th to outline their plight and give their opinion on reducing the bankruptcy period from three years to one. Photograph: Gareth Fuller/PA Wire

Homeowners facing bankruptcy as a result of mortgage difficulties are being invited to outline their plight in online submissions expected to be view(...)

According to  figures, the Insolvency Service of Ireland are rejecting more than one in four deals involving mortgage debt brought to the table by personal insolvency practitioners.

What are Ireland’s banks playing at? According to the latest figures published by the Insolvency Service of Ireland (ISI), they are rejecting more tha(...)

Banks are losing more than €100,000 every time they reject a personal insolvency application but many continue to “defy commercial logic” by forcing distressed borrowers down the bankruptcy road, it has been claimed.

Banks are losing more than €100,000 every time they reject a personal insolvency application but many continue to “defy commercial logic” by forcing d(...)

Director of the Insolvency Service of Ireland, Lorcan O’Connor. Photograph: Eric Luke

The Insolvency Service of Ireland has reached an agreement with lenders and agents acting on behalf of a new Personal Insolvency Application (PIA) pro(...)

There were almost 1,000 cases dealt with by the ISI last year, new figures show

The number of people using the Insolvency Service of Ireland has increased dramatically in recent months while the number of banks blocking debt settl(...)

Lorcan O’Connor:“We met many people who didn’t actually realise that they were, in fact, insolvent.”    Photograph: Eric Luke

Comments by the chief executive of the Insolvency Service of Ireland arising from its third-quarter statistics are more worrying than the abject failu(...)