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Irish dodge debts through UK 'bankruptcy tourism'
Bankrupt clients from Ireland have used a Leicester solicitor and UK courts to wipe out more than €1bn debts taken out in the republic. A solicitor in Leicester has helped Irish clients escape more than €1bn (£798m) of debt by taking advantage of a booming trade in "bankruptcy tourism". Data seen by the Guardian reveal Steve Thatcher, who runs the new advisory service [url]www.irishbankruptcyuk.com[/url] boasts at least 55 clients in the process of clearing some €1.2bn by using UK courts to wipe out loans taken out in the republic. One property speculator wrote off €150m during a 35-second court ... (full story)
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