Half of all debtors experience mental health problems such as depression and anxiety,    according to new research conducted by Grant Thornton.

The “psychology of debt” research was unveiled at a seminar outlining the potential impact of Ireland’s new personal insolvency regime.

Lorcan O’Connor, Director Designate of the Insolvency Service of Ireland (ISI), told a GT debt solution seminar that the new law was a “very important step” for Irish society.

But the restructuring and insolvency expert warned that there will be consequences for the large number of debtors lining up to avail of the various debt relief schemes.  Access video and full article