Bankruptcy tourism grows in the U.K. as indebted Irishmen head to Belfast or cross the Irish Sea...

|By:, SA News Editor

Bankruptcy tourism grows in the U.K. as indebted Irishmen head to Belfast or cross the Irish Sea to take advantage of Britain's better terms. Punitive bankruptcy laws in Ireland make the action nearly non-existent there, stifling the entrepreneurial spirit, say reform advocates, including the EU-IMF, which has made changes a condition of their bailout. Irish banks, naturally, are against the idea.