Michael Monahan Solicitor

Big news in debt collection ,previously you had to get judgement and then send it to the Sherriff who would return it saying "nothing to collect from the debtor"
From January 09 if you have a genuine claim eg stopped cheque you can apply to issue a bankruptcy summons ,serve it and let the debtor sweat for three weeks to see if you are going to actually make them bankrupt.
Even better news for pursuing company directors who walk away from their liabilities/responsibilites.The High court is allowing claims against Directors personal assets and the possibilty of jailing directors for trading when insolvent.
The Office of Corporate enforcement has 40 people and needs probably 400. Their time will be taken up with the Fitzpatricks and Flavins of the business world.The company s office is more concerned about late filing of returns and imposing fines than pursuing the promotors of the 50000 abandoned companies in Ireland today.
let me know what you feel about any of these comments ?