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Minister for Justice and Equality (Deputy Alan Shatter)

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Snippet Contents:

It is difficult to ascertain the likely demand on the Insolvency Service of Ireland. The tentative estimate of applications for the two main debt resolution processes - the Debt Settlement Arrangement and Personal Insolvency Arrangement - is roughly 15,000 applications plus a further 3,000 to 4,000 applications for Debt Relief Notices in the first full year. In addition, approximately 3,000 bankruptcy applications are expected during this time.