Anthony Joyce on the BBC World Service – Irish bankruptcy laws causing bankruptcy tourism.

After Anthony’s appearance on the BBC’s  Today programme on Tuesday, yesterday we had the BBC World Service request an interview with Anthony about how Ireland’s outdated bankruptcy laws are forcing indebted individuals to flee to the UK in order to declare bankruptcy there, where there is a much more lenient bankruptcy policy.  In the UK bankrupts are automatically released from bankruptcy after 12 months and anyone from the EU is entitled to declare bankruptcy there.

There are rules which Irish individuals need to adhere such as establishing their Centre of Main Interests there for 6 months before filing for bankruptcy. People that do this have been called ‘Bankruptcy Tourists’. This is exactly what high profile developers Sean Quinn, Ray Grehan and John Fleming did. Please click the link below to listen to the interview.

BBC World Service Dublin solicitor Anthony Joyce

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