What is Bankruptcy in Ireland?
Bankruptcy in Ireland is the procedure where the property or assets of a person, who is unable or unwilling to pay their debts (called a debtor), is transferred to a person given charge of the property by the High Court (called a trustee) to be sold. When the property or assets are sold, the co ...
Can A Creditor Make Me Bankrupt in Ireland ?
Yes they can. A creditor (the person or organization that is owed money) can ask the court for a bankruptcy petition to be brought against he debtor (the person that owes money) The debtor must be deemed to have committed an Act of Bankruptcy in order for this to happen. An Act of Bankruptcy is ...