Law Reform Commission says Irish household debt to disposable income rose from 48% in 1995 to 176% in 2009; Recommends imprisonment should not be used in debt cases
Sep 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Law Reform Commission’s Consultation Paper on Personal Debt Management and Debt Enforcement will be launched by the Attorney General, Paul Gallagher SC, at the Commission’s offices Tuesday evening. The paper says Irish household debt to disposable income stood at 48% in 1995 but in 2009 it had risen to 176%. The paper recommends that imprisonment should not be used in debt cases.