Am I eligible for a Debt Settlement Arrangement?
What is a Debt Settlement Arrangement? A Debt Settlement Arrangement or DSA is a formal debt solution established under the Personal Insolvency Act of 2012, which provides individuals that are Insolvent (facing significant personal debt challenges) with a structured formal process for debt resolution. The DSA was considered a much needed progressive step toward addressing […]
Points to consider in a DSA
A Debt Settlement Arrangement (DSA) is a formal debt solution, created by The Insolvency Service of Ireland (ISI). It was introduced by the Personal Insolvency Act 2012 and is designed to help you address problems with unsecured debts, such as credit cards, loans, overdrafts, shortfall debts etc…
Debt Solutions available in Ireland
In December 2012, a Bill was enacted that introduced several new Personal Insolvency solutions into Ireland. It’s name was The Personal Insolvency Act 2012 and it’s purpose is to provide relief and assistance to people struggling with various types of debt. The solutions are available to individuals who are facing financial difficulties and are unable […]
Living Expenses for an adult in debt
This article is one in a series of articles discussing how ‘Reasonable Living Expenses’ (RLEs) guidelines might work for people who are struggling with debts or their mortgage. RLE’s are guidelines provided by the Insolvency Service of Ireland (ISI) that ensure you have a reasonable budget for living. They also help your Debt Advisor or […]
Reasonable Living Expenses for a Single adult
If you are struggling with your credit commitments and need advice, it might be good to speak with a debt advisor or Personal Insolvency Practitioner (PIP) to see what options are available. They will assess your situation to determine if your are in fact Insolvent (unable to pay your debts) and how much you can […]
Reasonable Living Expenses for a couple
Reasonable living expenses (RLE’s) are a set of guidelines published by the Insolvency Service of Ireland (ISI) to help determine a suitable budget, for people to live on, that are struggling financially and considering entering into an Insolvency Solution. The RLE’s consist of several categories: We have created several articles discussing different hypothetical examples of […]
Reasonable Living Expenses for a single parent
This article is one in a series of articles explaining how the “Reasonable Living expenses” guidelines might work for people in various scenarios relating to Insolvency. The Reasonable living expenses (RLE’s) are a set of guidelines published by the Insolvency Service of Ireland (ISI) to help determine a suitable budget to live on, for people […]
Reasonable Living Expenses for a family
When enquiring about any Debt Solution the first thing your debt advisor or Personal Insolvency Practitioner (PIP) will do is assess your situation to determine if your are in fact Insolvent (unable to pay your debts) and how much you can realistically afford to pay towards your outstanding debts. This involves reviewing several aspects of […]
Debt Solutions & Living Expenses
There are several Debt Solutions available in Ireland which can help people address their unaffordable secured and/or unsecured debts. If you’re experiencing financial difficulty and thinking of entering into one of these solutions, a debt advisor or PIP (Personal Insolvency Practitioner) will carry out an assessment with you, which involves reviewing your household situation, your […]
Am I eligible for a debt solution?
There are four different Debt Solutions available in Ireland that can help you address your financial difficulties. Each Debt Solution has a different set of criteria, so finding the right one for you will depend on several different factors such as the type of debts you have, the level of your debts, your household situation […]
A PIP explained
What is a PIP? A PIP or Personal Insolvency Practitioner, is a professional who is authorised and regulated by the Insolvency Service of Ireland (The ISI) to help people who are having financial trouble (Insolvent), such as: If you are insolvent, a PIP could help in proposing a solution to your creditors, such as a […]
What debts can I include in Insolvency?
The Insolvency Service of Ireland (ISI) has guidelines explaining the types of debts that can be included in each of the four Personal Insolvency Solutions, which consist of: These solutions were introduced in accordance with the Personal Insolvency Act 2012, offering relief to insolvent individuals in Ireland. Before proceeding with any of these personal insolvency […]