High Court rejected arguments by AIB and Bank of Ireland that it is not lawful to require debtors and their dependants to live for a certain period at a level below the reasonable living expenses set out by the Insolvency Service of Ireland. Photograph: Alan Betson

A High Court judge, in a significant decision concerning the effect of “reasonable” living expenses guidelines in Personal Insolvency Arrangements, ha(...)

Lorcan O’Connor, chief executive of CIÉ,  at Heuston Station, Dublin. Photograph: Dara Mac Dónaill/The Irish Times

Lorcan O’Connor played with a train set as a kid. His children now have their own and he likes to play with them on occasion. But, sitting in the old(...)

Businessman Dermot Desmond and members of his family are suing the Insolvency Service of Ireland and Sean Dunne’s Irish bankruptcy trustee over alleged leaking of confidential material to a newspaper concerning an agreement to buy a Dublin 4 property owned by Mr Dunne. Photograph: Cyril Byrne

Businessman Dermot Desmond and members of his family are suing the Insolvency Service of Ireland and Sean Dunne’s Irish bankruptcy trustee over allege(...)

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(...)

The rise is part of a major overhaul of its dealings with distressed borrowers. Photograph: Getty Images

The Insolvency Service of Ireland (ISI) is raising by 75 per cent the threshold it applies when arranging the forgiveness of unsecured debt. The move(...)

 Minister for Finance Michael Noonan has downplayed suggestions of a move to reduce the term of bankruptcy from three years to one, saying that more data is needed on the current  term. Photograph: Dara Mac Dónaill/The Irish Times

Minister for Finance Michael Noonan has downplayed suggestions of a move to reduce the term of bankruptcy from three years to one.Mr Noonan said more (...)

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(...)

Research found many people are scrimping on food and prioritising bills but are too embarrassed to seek help - or don’t actually see themselves as insolvent. Photograph: Getty Images

Many people struggling with debt are still living below what is considered a reasonable living standard, according to the Insolvency Service of Irelan(...)

Insolvency Service of Ireland director Lorcan O’Connor:  “It will be the second quarter of 2014 before large volumes of cases complete the process.” Photograph: Eric Luke

Legislation to change the insolvency process is “neither contemplated nor necessary”, the director of the Insolvency Service of Ireland has said.Lorca(...)

Insolvency Service of Ireland director Lorcan O’Connor. A spokesman for the service said the insolvency system involved a “100-day process”. Photograph: Eric Luke

Only 11 protection certificates for debt resolution arrangements have been issued by the courts since the Insolvency Service of Ireland opened for bus(...)

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