Bankruptcy for 60 Euro

I was listening to the Master of the High Court on Marian Finucane last weekend. A very kindly man. It was pure radio gold. And well worth listening to for those in debt.

He mentioned that you can go bankrupt for 60 Euro and that the PIP's are not allowed advise their clients of this (I have to listen again to the podcast). What did he mean?

Also can you do this application yourself ?

My understanding is that Bankruptcy is for sums above 20,000
A DRN is used for sums below 20,000

This may have been the old rules that he was referring to.

Dr.Debt said:

This may have been the old rules that he was referring to.

Click to expand...

I wonder than why he made a reference to Pip's.

I heard the tail end of the interview. If he's saying that PIPs cannot advise on bankruptcy, he is 100% wrong. It is the responsibility of the PIP to advise their client of all potential solutions/outcomes. Not to do so would be negligent, and if a PIP doesn't know about bankruptcy, they should not be a PIP.

www.frost.ie

Does it cost 60 Euro to go bankrupt under the new insolvency bill?

650 Euro as per Order 76 since last year