Personal insolvency arrangements

• Protect your home – Our priority is keeping you in your family home wherever possible.
• Affordable repayments – Payments are based on what you can realistically afford.
• Legal debt forgiveness – Remaining unsecured debts are written off at the end of the arrangement.
• Creditor protection – A Protective Certificate shields you from legal action while we negotiate with your creditors.
• Fast-track solutions – Our accelerated PIAs reduce the time needed to resolve debts.

You may qualify for a PIA if:

1. You are unable to meet debt repayments as they fall due.
2. You have at least one secured debt (e.g., a mortgage).

Even if your lender has initiated repossession proceedings, it’s not too late. Contact us immediately for guidance. Free consultations are available through the Abhaile Scheme, ensuring everyone has access to expert advice.

1. Consultation with a PIP – Our experts assess your financial situation and explore the best solution for you.
2. Financial statement preparation – We compile a Prescribed Financial Statement (PFS) to outline your income, expenses, and debts.
3. Protective certificate application – This grants temporary legal protection from creditors while negotiations take place.
4. Arrangement proposal – Within 70 days, we develop and present a formal repayment proposal to your creditors.
5. Creditor approval – If 65% (by value) of your creditors agree, the PIA becomes legally binding.
6. Debt resolution – You make affordable repayments for the agreed period, with any remaining unsecured debt written off upon completion.

Thanks to the Appeals Process introduced by the Personal Insolvency (Amendment) Act 2015, your PIP can appeal an unfair or unreasonable decision. This appeal may be heard by a personal insolvency judge, and the government covers your costs (via the Legal Aid Board).

Certain conditions apply:

• You cannot apply if you have had a PIA before.
• You are ineligible if currently bankrupt or discharged from bankruptcy within the last five years.

Our team can review your circumstances and guide you through your options.