Buy to Let

41 bankruptcies recorded in Louth in the last three and a half years

There were 41 bankruptcies in Louth in the last three and a half years.

That’s according to new figures from the Insolvency Service of Ireland as part of their Quarter 2 report 2017.

The report details the number of bankruptcies in each county in the period from Q1 2014 to Q2 2017.

Bankruptcy is arrived at when people can service their debt which can include buy to let mortgages, debt to lenders or financial institutions such as credit unions, debt to Revenue or other debts.

There have been 1,696 bankruptcies recorded nationwide in the period from January 2014 to June 2017.

The 41 bankruptcies in Louth represents a rate of 4.4 bankruptcies per 10,000 adults. Unsurprisingly the majority of bankruptcies (385) occurred in Dublin.

There were also 165 debt solutions in Louth in the same period. This represents a rate of 17.6 solutions per 10,000 adults.

A further 124 insolvency arrangements were made, at a rate of 13.2 arrangements per 10,000 adults.

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