Tag: bankruptcy proceedings
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Bankruptcy order rescinded due to bankrupt’s failure to make full disclosure
The High Court recently, for the first time in Ireland, rescinded a bankruptcy order it had previously made. The case involved an Estonian businessman who filed a petition for bankruptcy in the Irish High Court in June 2021. The High Court granted the order and declared him bankrupt. However, an Estonian creditor, OBI, who had…
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Bankruptcy in Ireland-The Facts You Should Know
Bankruptcy is a commercial reality facing many people in Ireland today. And the number of bankruptcies is increasing dramatically. Because going bankrupt has the wonderful advantages of simplicity and finality-your debts are wiped and set at 0 and you get to start again, once you have been discharged. What is bankruptcy? Bankruptcy is a process…