Bankruptcy

To qualify for bankruptcy in Ireland, you must:

1. Owe more than €20,000 in debt.
2. Be insolvent, meaning you cannot repay your debts as they fall due.
3. Have made reasonable efforts to secure a Debt Settlement Arrangement (DSA) or Personal Insolvency Arrangement (PIA).

Our Personal Insolvency Practitioners (PIPs) will assess your situation and guide you through the eligibility criteria and requirements.

• Debt relief: Elimination of unsecured debts, providing a fresh financial start.
• Legal protection: Creditors cannot take legal action against you during the bankruptcy process.
• Defined timeline: Bankruptcy lasts for one year, with surplus income contributions required for up to three years. 
• No hidden costs: Transparent fees for the application process.

The Official Assignee will assess your property. In some cases, individuals can retain their home if a repayment arrangement is agreed upon.

Secured debts, such as mortgages, are not written off. The lender retains rights over the property unless alternative arrangements are made.

Yes, but you must show that you have made reasonable efforts to pursue a DSA or PIA before applying for bankruptcy.