ISI Statistics
Quarter 1 2015
ISI
Tackling problem debt together
Insolvency Service of Ireland
Quarter 1 2015
Table of Contents
1
Foreword ............................................................................................................. 4
2
Case Management – DRN, DSA, PIA ..................................................................... 5
2.1
Increase in Protective Certificates and Arrangements ......................................................... 6
3
Percentage of debt to be written off under a DSA or a PIA .................................. 7
4
Creditor Acceptance/Rejection ............................................................................ 7
5
PIP Support Initiative ........................................................................................... 9
5.1
Summary of claims ................................................................................................................ 9
5.2
Analysis of claims................................................................................................................. 10
5.3
PIP Support Initiative claims for failed PIAs in Q4 2014 ...................................................... 11
5.4
PIP Support Initiative claims for failed DSAs in Q4 2014 .................................................... 11
6
Qualifying Debt – DRN, DSA, PIA ........................................................................ 12
7
Applicant Profile – DRN, DSA, PIA (since launch) ................................................ 13
8
Bankruptcy ......................................................................................................... 14
9
Treatment of Family Homes in Bankruptcy ........................................................ 16
9.1
Background .......................................................................................................................... 16
9.2
Survey .................................................................................................................................. 17
10
Regulation....................................................................................................... 19
Appendix – Data Tables ............................................................................................ 20
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 2
THE DEBT RELIEF NOTICE (DRN) PROVIDES FOR THE WRITE OFF OF QUALIFYING DEBT UP TO €20,000,
SUBJECT TO A 3 YEAR SUPERVISION PERIOD.
THE DEBT SETTLEMENT ARRANGEMENT (DSA) PROVIDES FOR THE AGREED SETTLEMENT OF UNSECURED
DEBT WITH NO LIMITS INVOLVED OVER A PERIOD, NORMALLY EXPECTED TO BE 5 YEARS.
THE PERSONAL INSOLVENCY ARRANGEMENT (PIA) PROVIDES FOR THE RESTRUCTURING OR SETTLEMENT
OF SECURED DEBT UP TO €3M AND THE SETTLEMENT OF UNSECURED DEBT OVER A PERIOD, NORMALLY
EXPECTED TO BE 6 YEARS.
IN THE CASE OF A DSA OR PIA, AFTER A PROTECTIVE CERTIFICATE ISSUES, PERSONAL INSOLVENCY
PRACTITIONERS (PIPS) WILL HAVE 70 DAYS IN WHICH TO DEVELOP AN ARRANGEMENT.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 3
1 Foreword
I am pleased to publish the statistical report of the Insolvency Service of Ireland (ISI) covering the
first quarter of 2015 (Q1).
The last quarter of 2014 saw a significant increase in activity levels, as a result of the launch of the
‘Back on Track’ information campaign and the waiving of all ISI fees. Q1 has seen further growth.
There have been more new cases, more protective certificates, more finalised arrangements and
more bankruptcies than in any previous quarter.
This report contains two new sections covering:

An analysis of cases that were rejected by creditors, and

An analysis of the status of family homes for those that were declared bankrupt in 2014
These analyses show that creditors face the potential loss of more than €100,000 per rejected
arrangement and that in 70% of cases, bankrupts will either lose or do not intend to remain in
their family homes.
The ISI is working closely with Government Departments during the current review of personal
insolvency matters. The outcome of this review should increase activity levels further. In addition,
a new Protocol on the Personal Insolvency Arrangement (PIA), the solution that deals with
mortgage debt, has been agreed with stakeholders. This should contribute to an increased take-up
of this solution, which aims to keep the debtor in their family home. Details of the PIA Protocol are
available on the ISI website, in the protocol section.
Lorcan O'Connor
Director
April 2015
These statistics are for information purposes only. No person should place reliance on the accuracy of the
statistics, nor should they act solely based on them. The statistics are primarily based upon cases created by
duly authorised Approved Intermediaries and Personal Insolvency Practitioners on the ISI Case Management
System, the official registers of Approved Intermediaries and Personal Insolvency Practitioners and the
statement of affairs submitted by those seeking to be declared bankrupt. Figures cover the period 1 January
2015 to 31 March 2015, unless otherwise stated.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 4
2 Case Management – DRN, DSA, PIA
525 new applications in Q1
2013 applications since launch
600
2500
DRN
DSA
PIA
Total
500
DRN
525
400
PIA
Total
2000
1500
300
1000
310
200
500
100
112
0
103
Sep Nov Jan Mar May Jul Sep Nov Jan Mar
2013 2013 2014 2014 2014 2014 2014 2014 2015 2015
0
2015 Q1
324 Protective Certificates in Q1
350
DSA
DSA
PIA
1200
Total
300
996 Protective Certificatess since launch
324
250
1000
DSA
PIA
Total
800
234
200
600
150
400
100
200
90
50
0
Sep Nov Jan Mar May Jul Sep Nov Jan Mar
2013 2013 2014 2014 2014 2014 2014 2014 2015 2015
0
2015 Q1
821 arrangements since launch
273 arrangements in Q1
1000
300
DRN
DSA
PIA
Total
250
DRN
273
200
DSA
PIA
Total
800
600
150
400
129
100
101
200
50
43
0
0
2015 Q1
Sep Nov Jan Mar May Jul Sep Nov Jan Mar
2013 2013 2014 2014 2014 2014 2014 2014 2015 2015
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 5
2.1 Increase in Protective Certificates and Arrangements
Since the ISI began accepting applications, Personal Insolvency Practitioners and Approved
Intermediaries have created more than 2,000 cases. These numbers do not include cases created
on the ISI system and subsequently withdrawn. Approved arrangements reflect the number of
proposals approved by creditors and/or Court.
Q1 applications by County - DRN, DSA, PIA
91
73
37
30
14
28
27
27
8
7
9
5
21
20
16
15
11
6
29
8
10
11
10
4
3
5
Q1 applications - DRN, DSA, PIA
(per 10,000 population)
3.25
2.56
2.28
2.05
1.75
0.82
0.94
Note:
1.57
1.38
1.20
1.47
1.30
1.12
0.93
0.84
0.57
1.98
0.48
0.83
0.77
0.50
1.26
0.62
1.45
1.28
1.14
0.76
Population data taken from the Central Statistics Office Population of each County and City, 2011
Available on their website at http://www.cso.ie/multiquicktables/quickTables.aspx?id=cna23
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 6
3 Percentage of debt to be written off under a DSA or a PIA
The table below sets out the average percentage and the range of debt to be written-off within
DSA and PIA arrangements since commencement.
Range
Type of Debt
Average
Min:
PIA
DSA
Max:
PIA - secured debt
22.2%
0.0%
88.0%
PIA - unsecured debt
83.1%
0.0%
99.9%
DSA - unsecured debt
76.4%
0.0%
99.9%
4 Creditor Acceptance/Rejection
The ISI has undertaken an analysis of protective certificates issued and the extent to which they
have led to a solution that has returned insolvent debtors to solvency. Once a protective
certificate has issued, one of the following outcomes is possible:

PIP successfully uses the protective certificate period of 70 days to reach agreement
between the debtor and his or her creditors. This is ultimately reflected in a 'YES' vote at a
creditors meeting

PIP identifies and implements an alternative solution for the debtor that does not
necessitate a DSA or PIA. No creditors meeting or vote is held

PIP is unsuccessful in reaching an agreement between the debtor and his or her creditors.
This is ultimately reflected in a 'NO' vote at a creditors meeting or, if the PIP is of the view
that a 'NO' vote is inevitable, the PIP may not proceed with a creditors meeting
In collating these figures, where a protective certificate has expired and the ISI is unaware of the
outcome, it is assumed that an alternative solution has not been put in place. This conservative
approach may be overstating the cases that have been unsuccessful.
Acceptance rates in Q1 are higher than in 2014 for both DSAs and PIAs.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 7
Creditor Acceptance/Rejection
(from 2013 Q4 to 2015 Q1)
Rejected prior to
creditors meeting
Protective
Certificate expired
No vote
Alternative
solutions
Yes vote
DSA
YES vote
YES
NO
PIA
Total
83.9%
70.9%
74.4%
1.2%
1.5%
1.4%
Successful outcome
85.1%
72.4%
75.8%
NO vote
11.9%
24.4%
21.1%
Rejected prior to creditors meeting
0.0%
1.5%
1.1%
Protective Certificate expired
3.0%
1.7%
2.0%
14.9%
27.6%
24.2%
Alternative solution
Unsuccessful outcome
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 8
5 PIP Support Initiative
Personal Insolvency Practitioners (PIPs) can, on a quarterly basis, seek a €750 support payment
from the ISI in respect of any arrangement that has been rejected by creditors - on condition that
the arrangement must have proposed a return to all creditors that was greater than or equal to
that which they would receive in bankruptcy. The objective behind this initiative was to encourage
greater engagement between banks and PIPs. The ISI committed to publishing details around any
claims made under this initiative. Due to the fact that costs incurred by PIPs are far greater than
the support payment available, the ISI is satisfied that PIPs are not encouraged to progress
vexatious cases.
5.1 Summary of claims
The initiative was launched in October 2014. Due to the fact that it typically takes over 70 days for
a case to reach a creditors vote, the full impact of this initiative will not be felt until later in 2015.
The analysis that follows is based on a small sample size of 47 cases that correspond to claims
made by PIPs for 2014 Q4. The cost to the ISI to meet these claims was €35,250.
The charts and tables on the following pages set out the votes from creditors in respect of cases
where their vote had a material impact on the outcome of such cases. There were 52 such ‘NO’
votes that had a material impact on the 47 cases. In making comparisons to bankruptcy, PIPs
assume any secured properties are surrendered to the secured creditor in bankruptcy. The ISI will
continue to update this analysis each quarter.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 9
5.2 Analysis of claims
The amount of debt involved in the 47 rejected cases exceeded €30 million.
Total debt (millions)
€25
Millions
€20
€15
€22.15M
€10
€5
€8.91M
€Secured
Unsecured
The percentage return for both secured and unsecured creditors was better in the rejected
arrangements, when compared to bankruptcy.
Average % return for
secured creditor
80%
Average % return for
unsecured creditor
10%
70%
8%
60%
50%
6%
40%
68.18%
30%
8.59%
4%
44.90%
20%
2%
10%
0%
0.63%
0%
Arrangement
Bankruptcy
Arrangement
Bankruptcy
The overall potential loss for creditors voting ‘NO’ is almost €5 million and averages more than
€100,000 per case.
Average potential return/loss per
case (thousands)
€20
€400
€15
€300
Thousands
Millions
Total potential return/loss
(millions)
€10
€5
€15.10M
€10.31M
€-€4.79M
-€5
-€10
€200
€321.28
€219.43
€100
€-
-€101.85
-€100
-€200
Arrangement
return
Bankruptcy
return
Loss
Arrangement
return
Insolvency Service of Ireland – Statistics Quarter 1 2015
Bankruptcy
return
Loss
Page 10
Tables 5.3 and 5.4 list those creditors who had material votes in DSA and PIA proposals during Q4
2014. A material vote is defined as a vote that had a direct influence on the outcome of a DSA or
PIA proposal. The tables identify the frequency at which creditors exercise their right to vote
against a proposal made by a PIP. The ‘NO’ vote analysis only covers cases where PIPs have
claimed under the €750 PIP Support Initiative.
5.3 PIP Support Initiative claims for failed PIAs in Q4 2014
Creditors with material votes
Number of NO votes
Start Mortgages
PTSB / Springboard
Tanager
Bank of Ireland
Ulster Bank
AIB / EBS
KBC
AvantCard
Banco Popular Espanol SA
Bank of Scotland
Credit Unions
IBRC
Local Authorities
Pepper Group
Others*
Total
8
16
2
6
6
8
3
0
0
0
0
0
0
0
2
51
% rejected
by creditors
80%
48%
33%
21%
19%
14%
10%
0%
0%
0%
0%
0%
0%
0%
22%
22%
*Others include Kenmare Property Finance and Revenue
5.4 PIP Support Initiative claims for failed DSAs in Q4 2014
Creditors with material votes
PTSB / Springboard
Ulster Bank
AIB / EBS / Haven
Aktiv Kapital UK
AvantCard
Bank of Ireland / ICS
Bank of Scotland
Cabot Financial
Credit Unions
GE Capital Woodchester
Intrum Justitia
Lombard Ireland
Revenue
Total
Number of NO votes
% rejected
by creditors
1
0
0
0
0
0
0
0
0
0
0
0
0
1
100%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
2%
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 11
6 Qualifying Debt – DRN, DSA, PIA
€229 Million Qualifying Debt in Q1
Trade Creditors
Other*
Revenue
Credit Union
Financial Institutions
PPR Mortgages
BTL Mortgages
*Other debt includes connected creditors, contingent debt, hire purchase, personal guarantees, utilities,
store cards/catalogues and professional fees.
The total debt involved in the 525 cases created in Q1 is more than €229 million. You can find a
breakdown of the type of debt in the chart above and the table below.
Type of Debt
Amount
% of total
Principal Private Residence Mortgages
€ 92.06m
40.17%
Buy to Let Mortgages
€ 87.82m
38.32%
Financial Institutions
€ 33.76m
14.73%
Credit Union Debt
€ 3.76m
1.64%
Revenue Debt
€ 3.75m
1.64%
Trade Creditors
€ 2.19m
0.96%
Other Debt
€ 5.83m
2.54%
€ 229.17m
100.00%
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 12
Total Qualifying Debt
7 Applicant Profile – DRN, DSA, PIA (since launch)
Status
Occupation
Unemployed
26%
Widow/er
1%
Public Sector
10%
Divorced/
Separated
13%
Student
1%
Selfemployed
12%
Single
21%
Private
Sector
40%
Retired
Other 3%
3%
Housewife/
Husband
5%
Married/
Civil Partner
65%
Age Profile of Debtors
65 +
3%
55 - 64
14%
18 - 24
1%
Gender
25 - 34
11%
Female
48%
Male
52%
35 - 44
39%
45 - 54
32%
An individual application is an application with a
sole debtor.
Types of Application
Where there are two (or more) debtors, who are
jointly liable for all of the debts to be included in a
DSA or a PIA arrangement, a joint application is
appropriate.
Interlocking
(PIA only)
39%
Individual
(DRN, DSA,
PIA)
58%
Joint
(DSA, PIA)
3%
An interlocking application would be appropriate
where two (or more) PIAs are to be administered
in common; usually because of the financial
relationship of the debtors involved. Examples
would be a couple or business partners, where
they are jointly liable for some - but not all - of the
debts to be included in the PIA arrangement.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 13
8 Bankruptcy
Bankruptcy Adjudications
500
448
450
400
350
300
250
200
150
100
137
147
162
2014 Q3
2014 Q4
2015 Q1
162
98
66
50
0
2014 Q1
2014 Q2
2014
2015
The number of bankruptcies in Q1 2015 is the highest on record for any quarter. This has
been driven by the increase in debtor petitions, which in Q1 represents more than 94% of
bankruptcies. In the past, the vast majority of bankruptcies were based on creditor petitions.
€124 Million Bankruptcy Debt in Q1
Unsecured
Debt
31%
.
Secured
Debt
69%
The total debt involved in bankruptcy adjudications for 2015 Q1 is more than €124 million.
This is made up of 69% secured debt and 31% unsecured debt. In the case of secured debt, it
is likely that current market values of securities are significantly below debt levels.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 14
Q1 Bankruptcies by County
30
25
25
19
20
15
10
10
7
12
11
6
2
8
6
5
4
5
9
8
4
3
1
1
1
0
2
1
5
6
4
2
0
Q1 Bankruptcies per 10,000 population
0.69
0.69
0.65
0.60
0.59
0.52
0.52
0.42
0.37 0.37
0.37
0.44
0.38
0.41
0.37
0.46
0.41
0.35
0.31 0.31
0.26
0.20
0.14
0.17
0.16
0.10
0
Note:
Population data taken from the Central Statistics Office Population of each County and City, 2011
Available on their website at http://www.cso.ie/multiquicktables/quickTables.aspx?id=cna23
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 15
9 Treatment of Family Homes in Bankruptcy
9.1 Background
1. Secured creditor options in bankruptcy
In bankruptcy, a secured creditor has three options:

Confirm whether they wish to rely on its security and remain outside the bankruptcy, or

Abandon their security and claim in the bankruptcy for full debt (rarely occurs), or

Realise the asset or value the security they hold and then claim in the bankruptcy for any
balance owed in excess of the net proceeds received or the valuation (rarely occurs)
2. Official Assignee in Bankruptcy
The functions of the Official Assignee in Bankruptcy are set out in section 61 of the Bankruptcy Act
1988 (the Act) and are essentially to validate ownership of the assets, to realise them and to
distribute the proceeds thereof to creditors. In discharging these functions, the Official Assignee
will sell or surrender buy to let properties, depending on whether or not there is equity in these
properties. In relation to the family home, the Official Assignee is precluded from selling the
interest that has vested in him, without first obtaining the permission of the High Court under
section 61(4) of the Act. The Court may, on application under section 61(4), stay the order for sale
for such period as the Court deems fit, having regard to the needs of the bankrupt and their
dependents.
3. How family homes are dealt with in bankruptcy
The policy of the Official Assignee in applying the legislation in relation to the family home is best
explained by way of the various scenarios that may arise, some of which are detailed below.
Scenario 1 - Family home in positive equity
The Official Assignee will seek to realise the interest in the family home. He will always seek to sell
the half interest in the family home to the spouse and will accept staged payments, to allow the
spouse to purchase the property. In the event that the spouse is not in a position to buy out the
interest of the bankrupt, the Official Assignee is obliged to put the family home up for sale, having
first applied for permission of the High Court as outlined above.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 16
Scenario 2 – Family home in negative equity
Scenario 2a - Debtor loses family home - hands back the keys
If the bankrupt does not want to stay in the family home, because they cannot afford the
repayments, or cannot for whatever reason, enter into an arrangement with the mortgage
holder/lending institution, they will surrender the family home for sale by the mortgage
holder/lending institution. The sale would crystallise the negative equity in the property for the
mortgage holder/lending institution, with the negative equity being written-off in bankruptcy.
Scenario 2b - Debtor loses family home – against their will
If the bankrupt wishes to stay in the family home, they will first have to agree mortgage
repayments that are acceptable to the mortgage holder/lending institution. Where the bankrupt
has agreed such payments, they must then submit those payments to the Official Assignee for
approval – having regard to the Reasonable Living Expenses (RLEs) issued by the ISI. If no
agreement can be reached, the bankrupt will be required to leave the family home and seek
alternate accommodation, which will again crystallise the negative equity in the family home.
Scenario 2c - Debtor remains in family home
If the bankrupt wishes to stay in the family home and can agree terms that are acceptable to the
mortgage holder/lending institution and the Official Assignee, the family home may be retained. In
bankruptcy, with commitments to pay unsecured debts (e.g. bank personal loan, credit card,
Credit Union loan) ceasing, the bankrupt’s capacity to pay the mortgage may significantly increase.
Furthermore, the Official Assignee will sell the interest that vested in him for €5,000 to the
bankrupt or their spouse, and will allow them to pay by staged payments over 12 months.
9.2 Survey
The table on the following page sets out the details of a survey undertaken by the Bankruptcy
Division of the ISI in March 2015. It looks at debtors who were declared bankrupt in 2014 and sets
out what has happened, or is likely to happen to the family home of the bankrupt. The analysis
shows that approximately 70% of bankrupts lose their homes in bankruptcy. The majority
surrendered the family home prior to bankruptcy, such that bankruptcy in itself is not an
intervening event that causes them to lose their family homes.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 17
2014 Bankruptcies - Family Home Analysis
Total 2014 bankruptcies
Less subsequent annulments
Less those who never owned a home (renting)
Less those who didn't respond to survey
Effective sample
448
-2
-47
-16
383
100.0%
Family Home lost / Surrendered
Bankrupts who have surrendered property
143
37.3%
Bankrupts who have not yet lost their family home, but aren't paying
mortgage and are likely to lose family their home in the future
112
29.3%
Bankrupts whose family home has been repossessed
16
4.2%
Family Home retained / sold to connected party
Bankrupts who have reached deal with bank to stay in home or are
servicing mortgage in full
89
23.2%
OA sold/selling interest to spouse (bankrupt remains in family home)
15
3.9%
8
2.1%
Bankrupts who have equity in the family home which the OA will
realise (possibly to spouse, in which case bankrupt will remain in
family home)
Insolvency Service of Ireland – Statistics Quarter 1 2015
70.8%
29.2%
Page 18
10 Regulation
There are 247 Personal Insolvency Practitioners and Responsible Persons available to meet
debtors, on a face-to-face basis, to solve their debt problems.
Personal Insolvency Practitioners
160
138
141
138
2014 Q2
2014 Q3
2014 Q4
143
128
140
120
95
100
80
60
51
40
20
0
2013 Q3
2013 Q4
2014 Q1
2015 Q1
There are currently 143 Personal Insolvency Practitioners on the ISI register.
Responsible Persons
120
100
87
99
104
73
80
55
60
40
94
35
20
0
2013 Q3
2013 Q4
2014 Q1
2014 Q2
2014 Q3
2014 Q4
2015 Q1
46 MABS companies and the Irish Mortgage Holders Association (IMHO) have been
authorised as Approved Intermediaries. There are 104 responsible persons linked to these
authorisations.
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 19
Appendix – Data Tables
Case Management
New Applications
DRN
DSA
Protective Certificates
PIA
TOTAL
DSA
Arrangements Approved
PERIOD
TOTAL
PIA
TOTAL
DRN
DSA
PIA
2013 Q4
112
0
29
83
11
5
6
1
0
1
0
2014 Q1
318
75
59
184
59
24
35
55
44
6
5
2014 Q2
324
76
58
190
152
46
106
124
67
30
27
2014 Q3
314
77
55
182
180
31
149
131
61
22
48
2014 Q4
420
77
88
255
270
52
218
237
79
39
119
2015 Q1
525
112
103
310
324
90
234
273
101
43
129
2013
112
0
29
83
11
5
6
1
0
1
0
2014
1,376
305
260
811
661
153
508
547
251
97
199
2015
525
112
103
310
324
90
234
273
101
43
129
Total
2,013
417
392
1,204
996
248
748
821
352
141
328
Percentage change; latest quarter compared with:
2014 Q4
25%
45%
17%
22%
20%
73%
7%
15%
28%
10%
8%
2014 Q1
65%
49%
75%
68%
449%
275%
569%
396%
130%
617%
2480%
Bankruptcy
Period
Adjudications
2014 Q1
66
2014 Q2
98
2014 Q3
137
2014 Q4
147
2015 Q1
162
2013
58
2014
448
2015
162
Percentage change; latest quarter compared with:
2014 Q4
10%
2014 Q1
145%
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 20
Information Line and Website Data Table
Period
Telephone
Emails
Website
Visits
Total
Contacts
Pageviews
PDF
Downloads
Q2 2013
1,828
725
34,611
37,164
203,487
11,201
Q3 2013
2,960
905
50,830
54,695
281,606
17,580
Q4 2013
2,326
339
31,198
33,863
173,567
9,836
Q1 2014
2,814
498
38,645
41,957
229,380
13,150
Q2 2014
2,852
639
32,231
35,722
212,758
9,462
Q3 2014
2,513
825
32,160
35,498
230,019
6,360
Q4 2014
3,186
1,041
40,737
44,964
248,510
6,639
Q1 2015
4,041
1,047
65,559
70,647
277,346
14,245
2013
7,114
1,969
116,639
125,722
658,660
38,617
2014
11,365
3,003
143,773
158,141
920,667
35,611
2015
4,041
1,047
65,559
70,647
277,346
14,245
Total
22,520
6,019
325,971
354,510
1,856,673
88,473
Insolvency Service of Ireland – Statistics Quarter 1 2015
Page 21