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 […]
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 […]
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 […]