Bankruptcy | Apply for Bankruptcy or Avoid Bankruptcy

Ireland's Bankruptcy laws have now changed

Ireland has finally introduced proper Bankruptcy legislation meaning you can be bankrupt for 3 years instead of 12 years. It is still a serious solution to resolve your debts but if your situation is suited to bankruptcy it can be a great way to start afresh.

What is Bankruptcy?

Bankruptcy is where the property or assets of an individual, who is unable (or unwilling) to pay their debts, is transferred to a trustee (a person given charge of the property) by the High Court to be sold. When the property or assets are sold, the costs, expenses, court fees and certain priority debts are paid. After this, the net proceeds are distributed to those owed money (the creditors).

In nearly all cases, the Official Assignee in Bankruptcy, an officer of the Courts Service, is the trustee to whom this property is transferred. This is the person who administers the estate of bankrupt persons.

To find out more about bankruptcy, to see if you qualify or if there are other better options more suited to your situation please fill in the form below.

   IS BANKRUPTCY RIGHT FOR YOU? - we can advise you on all of your options

    All our advice is free and confidential

Unsecured Debt ?Unsecured debts are debts such as credit cards, loans, overdrafts, store cards etc... They are debts that are not secured against an asset; such as a property or vehicle.

Total unsecured debt (approx)
Monthly repayment (unsecured debt)
Are you up to date with payments? Yes No
Are you making reduced payments? Yes No

Personal Details

Email Address

Secured Debt ?Secured debts are debts that are secured against an asset; such as a property or vehicle. These type of debts might be a mortgage or Hire Purchase.

Mortgage Balance (if applicable)
Property Value
Monthly Mortgage Payments
Capital & Interest      Interest only      Reduced Payments
Are you in arrears? Yes No
Are you on a reduced payment plan
(i.e. MARP) ?
Yes No

Optional Information

Would you like to request an information pack Yes No
Additional Information you'd like us to know

All information submitted is Private and Confidential

How do you become bankrupt?

There are 2 ways to become bankrupt: You can Petition for your own Bankruptcy or one of your creditors (people you owe money to) may petition for your bankruptcy.

Want to avoid Bankruptcy?

If your debts are large enough that you are considering bankruptcy there may be better solutions available that may suit you better.
The Debt Settlement Arrangement (“DSA”) or Personal Insolvency Arrangement (“PIA”) are two new debt solutions enacted by the Irish Government in 2012. These solutions can allow you to come to an agreement with your creditors to enable you to keep your assets.

Find out more by clicking on the links above or calling us or filling in the form above.

Read our articles about Bankruptcy

» Bankruptcy Articles and Information

New Personal Insolvency Solutions in Ireland almost here

Over twenty one months ago now in November 2011, we considered the prospects of having financial solutions available for insolvent Irish citizens. We identified political and systemic lethargy as the enemy of progress but were optimistic that the then relatively … Continue reading

Ireland Moves on Personal Insolvency Legislation

During this year the Irish government is expected to pass new personal insolvency legislation. The final draft of a Personal Insolvency Bill is expected to be published by the end of April 2012, a month later than the EU, ECB … Continue reading

Comparing an Individual Voluntary Arrangement with Bankruptcy

In looking to cope with personal insolvency it’s almost inevitable that the debtor will have to examine the two most important solutions to be found in the Britain, namely entering into an Individual Voluntary Arrangement (IVA) or petitioning for Bankruptcy. … Continue reading

Why Should Creditors Be Able to Claim My Property?

Once you owe money to loan providers or some other lenders they’ve got the legal right to seek the payment of such obligations in keeping with the conditions and terms under which the monies were borrowed or the liability was … Continue reading

Student Debt Problems ahead for Students

Many young people who plan to graduate this year may perhaps have debts of £25,000 or over to reduce their excitement while they look to get into a less than buoyant jobs market. Surveys are finding that half of individuals … Continue reading