Personal insolvency is like examinership for individuals. Where you find that you can’t pay all of your debts but that with some restructuring that you may be able to do so, a personal insolvency arrangement can the answer you were looking for.


Here at BankruptcyAdvice.ie we realise that you may not need to go bankrupt, that some other solution may be in your best interest, for that reason we don’t avoid offering these solutions as well, they are things like Debt Settlement Arrangements, Personal Insolvency Arrangements and informal arrangements.

After we discuss your specifics we’ll be in a better position to advise you on what the best solution is for your circumstances. If bankruptcy isn’t the answer we will be able to help you go in another direction.

Personal insolvency arrangement (PIA) and debt settlement arrangements (DSA) are non-judicial solutions which are run through the Insolvency Service of Ireland. While this is a ‘non court’ process, it is backed by the circuit courts who authorise the solutions which are overseen by the insolvency service and administered by a Personal Insolvency Practitioner or ‘PIP’.

By it’s nature a PIA must have secured debt (a mortgage) as a part of the general debt. Without this it would instead be dealt with via a DSA. You must have debts greater than €20,000 be resident in the state for the last year and be insolvent.

If you satisfy these conditions we will help you go through the steps you need to take in order to opt for a personal insolvency solution.