IRELAND’S NO.1 FACILITATOR OF PERSONAL INSOLVENCY & BANKRUPTCY SOLUTIONS

Being insolvent is not a choice, it is a statement of fact. If you are unable to meet your financial commitments as and when they fall due you are insolvent. The Personal Insolvency Act 2012 introduced three new Court approved Personal Insolvency mechanisms that are designed to return you to solvency in a fair, transparent and equitable manner. This legislation also dramatically modernised the Personal Bankruptcy process in Ireland.

The first of these Personal Insolvency schemes is a Debt Relief Notice (“DRN”). A DRN is for a person with debts less than €35,000, very little by way of assets and income, and is applied for via an Approved Intermediary. Denise O’Brien is IRS IRELAND’s Approved Intermediary.

A Debt Settlement Arrangement (“DSA”) and a Personal Insolvency Arrangement (“PIA”) are explained in detail below. These statutory debt relief schemes will protect your family’s Reasonable Living Expenses (“RLEs”), and seek to keep you in your Family Home. To apply for debt relief in a DSA, PIA or Bankruptcy you must contact a Personal Insolvency Practitioner (“PIP”). A PIP is a qualified professional with a unique set of skill-sets who is Licensed and Regulated by the Insolvency Service of Ireland (“ISI”). Mitchell O’Brien and Jessica O’Brien are IRS IRELAND’s Personal Insolvency Practitioners.