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 4 debt solutions which may help you.

Which option is right for you will depend on:


 Level / Type of Debt



Required Intermediary

Debt Relief Notice

Under €35,000


Under €60 per month*


Max. €1,500**

Approved Intermediaries

Debt Settlement Arrangement

Unsecured only


No Max


No Max

Personal Insolvency Practitioner

Personal Insolvency Arrangement

Secured*** and unsecured


No Max


No Max

Personal Insolvency Practitioner


Over € 20,000 / Secured and unsecured


No Max


No Max


* 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 or free text ISI to 50015 for a callback from our information line.