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About: Steve Thatcher     Goto   Sponge   NotDistinct   Permalink

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Steve Thatcher is a personal insolvency solicitor. Based in Leicester, he is best known in the Republic of Ireland where he is a controversial figure due to his work helping Irish people move to the UK in order to go bankrupt there, a trend known as bankruptcy tourism. In May 2012 it was reported in The Guardian newspaper that he had written off over €1 billion of Irish debt in the UK. 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.