I am advised by the Official Assignee in Bankruptcy in the Insolvency Service of Ireland that from the years 2011 to 2013 a total of 10 family homes or Principal Private Residences were surrendered. I am advised that an annual breakdown for that period is not available.
From the period 1 January 2014 to 8 March 2015, 177 bankrupt persons surrendered their family home or Principal Private Residence. A further 23 family homes or Principal Private Residences were repossessed by a secured creditor during that time.
Family Home Analysis - all figures relate to both Principal Private Residences and Family Homes
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Bankrupts who have surrendered their family home/Principal Private Residence
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Repossessed by Secured creditor
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2011 - 2013*
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10
|
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1st January 2014 - 8 March 2015
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177
|
23
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Breakdown of 177 surrenders as follows
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|
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Family Home surrendered and accepted by bank prior to bankruptcy
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34
|
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Family Home abandoned by debtor - not surrendered to creditor
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67
|
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Family Home surrendered post bankruptcy or receiver in place
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31
|
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Receiver appointed/surrender being finalised by the Official Assignee/other
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45
|
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Total
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177
|
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* Annual breakdown for this period is not available.