Click image below to visit our debtor focussed information website Back on Track



Click here for details
on how to avail of a
FREE PIP
consultation

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.

 

 Level / Type of Debt

Income

Assets

Required Intermediary

DRN 

Under €35,000

Under €60 per month*

Max. €400**

Approved Intermediary

DSA

Unsecured only

No Max

No Max

Personal Insolvency Practitioner

PIA

Secured*** and unsecured

No Max

No Max

Personal Insolvency Practitioner

Bankruptcy

Over € 20,000 / Secured and unsecured

No Max

No Max

None****

* 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.