IRELAND’S NO.1 FACILITATOR OF PERSONAL INSOLVENCY & BANKRUPTCY SOLUTIONS
We can help protect your home, stop repossession proceedings and stop your creditors seeking payments you can’t afford.
A solution for people with unmanageable debts including mortgages.
A solution for people with unmanageable unsecured debt.
If alternative solutions are not suitable then bankruptcy could be the right solution for you.
We Have Experience
1st Dedicated Personal Insolvency Practice in Ireland.
1st Personal Insolvency Practitioner authorised in Ireland.
1st to have a PIA approved at a creditors meeting and circuit court.
How do I know if Personal Insolvency is for me?
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.
Personal Insolvency Arrangement (PIA)
If you have secured debt and unsecured debt that you cannot repay, a PIA could be the right choice for you. A PIA is a formal Court approved agreement with all your creditors that will write off some of your unsecured debt and restructure any remaining secured debt. Under a PIA you agree to repay a percentage of your overall debts that you can afford in monthly payments over a given period of time.
Debt Settlement Arrangement (DSA)
If you have unsecured debt such as credit cards, loans and overdrafts, a DSA could be the right choice for you. A DSA is a formal agreement with all your creditors that will write off some of your debt. Under the DSA you agree to repay a percentage of your overall debt that you can afford in monthly payments over a given period of time.
Bankruptcy is a formal, High Court process for people with net debt over €20,000. Before you consider applying for bankruptcy you must first have explored the alternative solutions to bankruptcy which are contained in the Personal Insolvency Act 2012, and which are also available on this website. If these alternative solutions are not suitable then bankruptcy could be the right solution for you.
Dear Mitchell and Denise, many thanks to both of you for getting my life back on track. I’m, delighted to be living, laughing and loving again!
(C) O'Brien & Associates IP Waterford Limited T/A IRS IRELAND, 2021 - No. 4 Cois Mara, Galwey's Lane, Dungarvan, Co. Waterford, X35 K256
MITCHELL O'BRIEN IS AUTHORISED BY THE INSOLVENCY SERVICE OF IRELAND TO CARRY ON PRACTICE AS A PERSONAL INSOLVENCY PRACTITIONER, SINCE AUGUST 12TH, 2013 - ISI AUTHORISATION NO. PC00001
JESSICA O'BRIEN IS AUTHORISED BY THE INSOLVENCY SERVICE OF IRELAND TO CARRY ON PRACTICE AS A PERSONAL INSOLVENCY PRACTITIONER, SINCE DECEMBER 5TH, 2017 - ISI AUTHORISATION NO. PF00301
CATHAL MCNAMARA IS AUTHORISED BY THE INSOLVENCY SERVICE OF IRELAND TO CARRY ON PRACTICE AS A PERSONAL INSOLVENCY PRACTITIONER, SINCE FEBRUARY 18TH, 2021 - ISI AUTHORISATION NO. PI01006
DENISE O'BRIEN IS AUTHORISED BY THE INSOLVENCY SERVICE OF IRELAND AS AN APPROVED INTERMEDIARY, SINCE OCTOBER 31ST, 2017 - ISI AUTHORISATION NO. AG00299