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15/11/2002
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.
The guidance leaflets offer practical support to individuals and cover key questions often asked in relation to bankruptcy cases, including what happens to an individual’s personal assets such as their home and bank account and the administrative function of the Official Receiver’s Office.
Reg Nesbitt, Director of Insolvency, said: “Bankruptcy is often a long drawn out process and it can be very distressing for the individual concerned and their family. These leaflets provide straightforward answers to key questions.
“The Insolvency Service strongly encourages anyone facing bankruptcy proceedings to seek proper and early advice from a licensed an insolvency practitioner, Citizens Advice Bureau, solicitor, qualified accountant, reputable financial adviser or from any advice centre. We are aiming to ensure that these leaflets are available in all such locations.”
Siobhan Harding, Information and Policy Officer with the Citizens Advice Bureau (CAB), welcomed the publication of the new leaflets.
“These guides are a significant step in helping people understand the bankruptcy process and will provide a valuable reference for CAB advisors," she said.
"We are pleased that DETI is providing such information leaflets as there is a genuine need for clear and concise information on bankruptcy and other financial issues.”
The administration of the initial stage of all bankruptcy cases in Northern Ireland is one of the Insolvency Service's main responsibilities and this includes collecting and protecting any assets and investigating the causes of bankruptcy.
In the year 2000/01 there were 331 bankruptcy orders made in Northern Ireland. Of these, 310 were related to businesses and 21 were related to "consumer bankruptcy" such as credit card, loans, and other personal borrowing.
In the previous corresponding period there were 280 bankruptcy cases of which 229 were business related and 51 were consumer related.
(SP)
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.
The guidance leaflets offer practical support to individuals and cover key questions often asked in relation to bankruptcy cases, including what happens to an individual’s personal assets such as their home and bank account and the administrative function of the Official Receiver’s Office.
Reg Nesbitt, Director of Insolvency, said: “Bankruptcy is often a long drawn out process and it can be very distressing for the individual concerned and their family. These leaflets provide straightforward answers to key questions.
“The Insolvency Service strongly encourages anyone facing bankruptcy proceedings to seek proper and early advice from a licensed an insolvency practitioner, Citizens Advice Bureau, solicitor, qualified accountant, reputable financial adviser or from any advice centre. We are aiming to ensure that these leaflets are available in all such locations.”
Siobhan Harding, Information and Policy Officer with the Citizens Advice Bureau (CAB), welcomed the publication of the new leaflets.
“These guides are a significant step in helping people understand the bankruptcy process and will provide a valuable reference for CAB advisors," she said.
"We are pleased that DETI is providing such information leaflets as there is a genuine need for clear and concise information on bankruptcy and other financial issues.”
The administration of the initial stage of all bankruptcy cases in Northern Ireland is one of the Insolvency Service's main responsibilities and this includes collecting and protecting any assets and investigating the causes of bankruptcy.
In the year 2000/01 there were 331 bankruptcy orders made in Northern Ireland. Of these, 310 were related to businesses and 21 were related to "consumer bankruptcy" such as credit card, loans, and other personal borrowing.
In the previous corresponding period there were 280 bankruptcy cases of which 229 were business related and 51 were consumer related.
(SP)
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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%.
14 November 2003
Funeral for murdered pensioner takes place
The funeral for murdered pensioner Ted O'Hare who was found dead at his Co Down home last weekend has taken place today. The 73-year-old's body was discovered by his three brothers at their farmhouse on the Tullymore Road, in Loughbrickland last Saturday. Police have confirmed they are treating the death of Mr O'Hare as murder.
Funeral for murdered pensioner takes place
The funeral for murdered pensioner Ted O'Hare who was found dead at his Co Down home last weekend has taken place today. The 73-year-old's body was discovered by his three brothers at their farmhouse on the Tullymore Road, in Loughbrickland last Saturday. Police have confirmed they are treating the death of Mr O'Hare as murder.
13 November 2003
Pensioner death was murder say police
Police have confirmed they are treating the death of a Co Down pensioner last weekend as murder. Ted O'Hare, 73, was found dead by his three brothers at their farmhouse on the Tullymore Road, in Loughbrickland last Saturday. It is believed the brothers were confronted by five masked men as they returned home from mass at around 8pm.
Pensioner death was murder say police
Police have confirmed they are treating the death of a Co Down pensioner last weekend as murder. Ted O'Hare, 73, was found dead by his three brothers at their farmhouse on the Tullymore Road, in Loughbrickland last Saturday. It is believed the brothers were confronted by five masked men as they returned home from mass at around 8pm.
16 January 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.
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.
27 March 2009
Agreement Halts Rankin Bankruptcy Case
Bankruptcy proceedings against celebrity chef Paul Rankin have been dramatically dismissed. Yesterday at the High Court a petition brought against the Michelin-star winning restaurateur and his business partner wife Jeanne was dropped after agreement was reached with creditors.
Agreement Halts Rankin Bankruptcy Case
Bankruptcy proceedings against celebrity chef Paul Rankin have been dramatically dismissed. Yesterday at the High Court a petition brought against the Michelin-star winning restaurateur and his business partner wife Jeanne was dropped after agreement was reached with creditors.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
