Background

In December 2017, the ISI proposed a Protective Certificate (PC) Target Timeline to apply during the 70-day PC period.  The purpose of the PC Target Timeline is to make the insolvency process more efficient and transparent and ultimately lead to better outcomes for debtors. Following consultation between the ISI, PIPs and Creditors, the PC Target Timeline came into effect in February 2018. Since the PC Target Timeline commits Creditors and PIPs to certain obligations, an oversight group, comprised of the Banking and Payments Federation Ireland (BPFI – Paula Walsh) as the creditor representative, a representative of the PIP community (current representative – Tara Cheevers) and the ISI as Secretary, was established to oversee implementation of the Timeline and to address any blockages that might occur.

If you require any further information please contact the ISI Policy team by email (policy@isi.gov.ie).

Target Timeline Overview

 

 

To view a detailed PC target timeline process map, click here.