The cost of entering bankruptcy is going to be cut from €1,450 to €750. 

The development has emerged following the dropping of a requirement that details of a bankruptcy be published in a national newspaper. 

Instead the details of a bankruptcy will only need to appear on the website of the Insolvency Service of Ireland. 

An amendment is to be introduced in the Seanad as part of the Bankruptcy Act 1988 to make the change.