Revenue eBrief No. 219/20
07 December 2020
Guidelines on Irish Bankruptcy Procedures
Bankruptcy in Irish Law is a legal process for people with debts over €20,000 whereby the property or assets of a person (debtor) are transferred to a person given charge of the property by the High Court (the Official Assignee or trustee in bankruptcy) to be realised for the benefit of those to whom the person owes debts.
This new Tax and Duty Manual - Guidelines on Irish Bankruptcy Procedures - outlines the conditions that have to be met when making an individual bankrupt.