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- Bankruptcy_tourism abstract "Bankruptcy tourism is the phenomenon whereby residents of one country move to another jurisdiction in order to declare a personal bankruptcy there, before returning to their original country of residence. This is done in order facilitate bankruptcy in a new jurisdiction where the insolvency laws are deemed to be more favourable. It is most prevalent in Europe where EU laws allow the free movement of residents to other Eurozone countries. Once in the new jurisdiction a person seeking bankruptcy must establish their Centre of Main Interests there in order to qualify as a resident and, therefore, petition for a successful bankruptcy.The issue of bankruptcy tourism has gained notoriety in the Republic of Ireland due to the recession and property crash there resulting in high levels of debt and personal insolvencies. However, the phenomenon first emerged in the UK in 2009 when it was reported that German and Austrian nationals were moving to Kent in order to take advantage of bankruptcy laws in England and Wales, whilst residing close to Eurostar.For a discussion of how the English courts have sought to tackle the phenomenon of bankruptcy tourism see: http://abg-law.com/wp-content/uploads/2014/06/Bankruptcy-Tourism-Article-June-2014.pdfBankruptcy tourism is now more synonymous with the Republic of Ireland where it has become a high profile issue with one UK-based insolvency solicitor, Steve Thatcher, claiming recently that he had recently written off €1bn in Irish debt for his Irish clients in the UK. The level of Irish debt being written off in the UK has prompted the government there to seek to have EU law amended in order to make it harder for Irish residents to move to the UK and take advantage of more lenient bankruptcy laws there where bankruptcy lasts for a period of twelve months as opposed to twelve years in the Republic of Ireland. Though Thatcher dismisses the validity of the term 'bankruptcy tourism' and instead calls it 'bankruptcy emigration' as he says people have to emigrate to the UK in order to go bankrupt with the majority of his clients remaining in the UK once their bankruptcy is complete.".
- Bankruptcy_tourism wikiPageExternalLink Bankruptcy-Tourism-Article-June-2014.pdf.
- Bankruptcy_tourism wikiPageID "38866058".
- Bankruptcy_tourism wikiPageLength "5966".
- Bankruptcy_tourism wikiPageOutDegree "17".
- Bankruptcy_tourism wikiPageRevisionID "680040165".
- Bankruptcy_tourism wikiPageWikiLink Bankruptcy_Law_in_the_Republic_of_Ireland.
- Bankruptcy_tourism wikiPageWikiLink Bankruptcy_in_the_Republic_of_Ireland.
- Bankruptcy_tourism wikiPageWikiLink Category:Bankruptcy.
- Bankruptcy_tourism wikiPageWikiLink Category:Post-2008_Irish_economic_downturn.
- Bankruptcy_tourism wikiPageWikiLink European_Union_law.
- Bankruptcy_tourism wikiPageWikiLink Eurozone.
- Bankruptcy_tourism wikiPageWikiLink Ivan_Yates.
- Bankruptcy_tourism wikiPageWikiLink Kent.
- Bankruptcy_tourism wikiPageWikiLink Personal_bankruptcy.
- Bankruptcy_tourism wikiPageWikiLink Post-2008_Irish_economic_downturn.
- Bankruptcy_tourism wikiPageWikiLink Republic_of_Ireland.
- Bankruptcy_tourism wikiPageWikiLink Sean_Quinn.
- Bankruptcy_tourism wikiPageWikiLink Seán_Quinn.
- Bankruptcy_tourism wikiPageWikiLink Shane_Filan.
- Bankruptcy_tourism wikiPageWikiLink Steve_Thatcher.
- Bankruptcy_tourism wikiPageWikiLink UK.
- Bankruptcy_tourism wikiPageWikiLink United_Kingdom.
- Bankruptcy_tourism wikiPageWikiLinkText "Bankruptcy tourism".
- Bankruptcy_tourism wikiPageWikiLinkText "bankruptcy tourism".
- Bankruptcy_tourism hasPhotoCollection Bankruptcy_tourism.
- Bankruptcy_tourism wikiPageUsesTemplate Template:Reflist.
- Bankruptcy_tourism subject Category:Bankruptcy.
- Bankruptcy_tourism subject Category:Post-2008_Irish_economic_downturn.
- Bankruptcy_tourism hypernym Phenomenon.
- Bankruptcy_tourism type Disease.
- Bankruptcy_tourism comment "Bankruptcy tourism is the phenomenon whereby residents of one country move to another jurisdiction in order to declare a personal bankruptcy there, before returning to their original country of residence. This is done in order facilitate bankruptcy in a new jurisdiction where the insolvency laws are deemed to be more favourable. It is most prevalent in Europe where EU laws allow the free movement of residents to other Eurozone countries.".
- Bankruptcy_tourism label "Bankruptcy tourism".
- Bankruptcy_tourism sameAs m.0rytm5c.
- Bankruptcy_tourism sameAs Q16240842.
- Bankruptcy_tourism sameAs Q16240842.
- Bankruptcy_tourism wasDerivedFrom Bankruptcy_tourism?oldid=680040165.
- Bankruptcy_tourism isPrimaryTopicOf Bankruptcy_tourism.