Donegal has the state’s second lowest bankruptcy rate

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The Insolvency Service of Ireland has published a report today showing there were 81 debt solutions agreed in Donegal over the past two years, representing 6.9 solutions for every 10,000 adults.

Of those, 18 were bankruptcies, a rate of 1.5 bankruptcies per 10,000 people, the second lowest level in the state after Leitrim, which had a rate of 1.3.

Chairman of the Association of Personal Insolvency Pratictioners Eric Hendy says those figures are expected to rise in the future: