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Fees

NOTE ON FEES FOR APPLICANTS FOR DEBT RELIEF NOTICES (DRN), DEBT SETTLEMENT ARRANGEMENTS (DSA), PERSONAL INSOLVENCY ARRANGEMENTS (PIA) and BANKRUPTCY

DRN

There is no cost for a DRN. AIs cannot charge a fee for their advice and assistance with the application.  There is no application fee as the ISI has waived its application fees until the end of 2017.

DSA and PIA

Like any other professional providing a service, a PIP may charge a consultation fee to go through your financial situation to determine if you are eligible to apply.  After that, any PIP fees are usually built into the DSA/PIA repayment plan.

If you are in arrears on your home mortgage you could be eligible for a free PIP consultation under a new State-funded scheme. For more details on the scheme click here.

There is no application fee as the ISI has waived its fees until the end of 2017.

A copy of the relevant Statutory Instrument is available here - S.I. No. 620 of 2015 - Personal Insolvency Act 2012 (Prescribed Fees) Regulation 2015 15X15

Bankruptcy

There is an initial fee of €200 payable to the Official Assignee. (Official Assignee Bank Account Details)

After this amount has been paid, a Petition and accompanying Affidavit (incorporating a Statement of Affairs, together with all other relevant forms) must be filed by the debtor in the Examiner’s Office. The Affidavit is filed to verify that everything said in the Petition is true. An Affidavit is a written, signed and sworn statement which allows a person to formally affirm something to be true before a person that is authorised to witness the statement (such as a practising solicitor, Commissioner for Oaths or an officer of the Court.) There may be a nominal fee on the making of the Affidavit.

After the Court has adjudicated a person bankrupt, either the debtor or the petitioning creditor (as relevant) must place a notice of their bankruptcy in Iris Oifigiúil and either a national daily newspaper or on this website under Bankruptcy Notices of Statutory Sittings.

The cost of publishing in Iris Oifigiúil depends on the length of the notice but is likely to be in the order of €70.