If you are unable to pay your debts and do not see yourself being able to do so in the next few years there are now 4 debt solutions which may help you.

Which option is right for you will depend on:

• how much you owe,

• the type of debt,

• your income, and

• your assets.

* after Reasonable Living Expenses are deducted
** Subject to certain exemptions
*** Subject to a cap of €3 million, unless creditors consent to a higher level
****Whilst it is possible to apply for bankruptcy yourself, it is advisable to seek professional advice to assist you in the process.

If you or someone you know is struggling with debt the ISI can help - visit our debtor focussed information website backontrack.ie to find out about the debt solutions available.