New Bankruptcy Provisions In Place

Author:Mr Tony O'Grady
Profession:Matheson Ormsby Prentice
 
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The Minister for Justice and Equality has commenced further provisions of the Civil Law (Miscellaneous Provisions) Act 2011 with effect from 10 October 2011. The provisions amend Section 85 of the Bankruptcy Act 1988 and allow for application for a reduction in the discharge period from bankruptcy from 12 years to 5 years and also provide for automatic discharge of bankruptcies...

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