A. In Ireland, bankrupcty is not an easy course of action – if it were, you’d see far more high-profile businesspeople going down this route. The process, in fact, is normally driven by the creditor, either as a measure of last resort or (in rare cases) vindictiveness. It’s expensive, involving a trip to the high court and advertising the bankruptcy in newspapers. It will also be at least 12 years until your bankruptcy is discharged by the court. During that time as an undischarged bankrupt, you will be able to have a job, but you couldn’t become a director of a company or public representative, take out a loan, or receive an inheritance. Even after you’re discharged, your name will remain on the Bankruptcy Register kept by the Examiner’s Office and anyone involved in buying or selling property will normally use this register when running a background check on a person they’re dealing with. Subsisting on E69 a week (my calculation of your weekly disposable income after your outgoings, based on a four-week month) may not be fun, but bankruptcy will put massive constraints on your life for 12 years and affect you forever. My advice is to avoid this course of action completely, continue trying to pay your debts and strive to either get a job that will give you a larger income or the skills needed to find good employment.