Debt Guides

Debt Solutions Guide

We created the Debt Solutions Guide to provide an overview of the options available. It includes information about:

• Each debt solution
• The role of a PIP (Personal Insolvency Practitioner)
• Step-by-step insolvency process
• Details on the Abhaile Scheme
• Some information about our company

PIA Guide

A Personal Insolvency Arrangement (PIA) can help if you have both secured debt (like a mortgage) and unsecured debts. It gives you the chance to restructure your debts in a sustainable and affordable way, while protecting your family home where possible.

The PIA Guide includes information on:

• How a PIA works
• What happens to a mortgage in a PIA
• Example of how a PIA could work
• Pros & Cons of a PIA
• The PIA process from start to finish
• Client reviews

DSA Guide

A DSA is designed for people with unsecured debts such as credit cards, loans or overdrafts. It allows you to make affordable repayments to your creditors, usually over a period of up to five years. Once completed, the remaining debt is written off.

The DSA Guide includes information on:

• How a DSA works
• Example of a DSA
• Pros & Cons of a DSA
• The DSA process from start to finish
• Client reviews

DRN Guide

A DRN is suitable for people on a low income with little or no assets and debts totaling no more than €35,000. If granted, it allows you to clear your debts after a three-year supervision period, giving you the chance to start over.

The DRN Guide includes information on:

• How a DRN works
• What happens to a mortgage in a PIA
• Pros & Cons of a DRN
• The DRN process
• Client reviews

Bankruptcy Guide

Bankruptcy is a solution for those who cannot reasonably repay their debts. It usually lasts for one year, after which most debts are written off, allowing you a fresh start. However, it is considered a last resort option and all other insolvency solutions must have been explored before you can go down this route.

The Bankruptcy Guide includes information on:

• How does Bankruptcy work
• Pros & Cons of Bankruptcy
• The process of Bankruptcy
• Client reviews