In the context of our international personal bankruptcy tour, the Boston Bankruptcy Lawyer blog reports on news from Ireland. Apparently in Northern Ireland, there are record personal bankruptcies; the numbers was up 19% in 2010, from the prior year, and, in the first quarter of 2011, the numbers are up for the first one third of 2011 from 554 in 2010 to 692 in 2011. Of particular concern there is the fact that budget cuts because of the struggling economy will have the strongest hit on those on the brink of bankruptcy. As you can imagine, unemployment is also up in Northern Ireland. According to reports, there is no longer as much of a stigma about someone who filed for debt relief.
This blog post is intended to help show our Boston bankruptcy clients that Massachusetts bankruptcies in the context of the greater world around us. We posted about Russian bankruptcies recently, and Canadian bankruptcies and of course numerous articles about bankruptcies in other parts of the US. Keep a lookout for more bankruptcy news!