Personal Debt Solutions
For when you have unmanageable credit cards, loans and other unsecured debts, DSAs can provide an insolvency solution short of bankruptcy.
DSA covers only unsecured debt, no income limit, no asset limit.
*An Approved Personal Insolvency Practitioner (PIP) is required.
When your debts are less than €35,000 and you dont own land or property, DRNs suit those with low income and limited ability to pay.
This means that after reasonable living expenses are deducted if you have less than €60 per month left (and your maximum assets total less than €400) you can apply for a Debt Relief Notice.
*An Approved Intermediary is required.
Often described as a remedy of last resort, bankruptcy can, however, be an effective remedy for dealing with your debts.
Bankruptcy covers both secured and unsecured debt, no income limit, no asset limit but must have at least 20k of debts
*Whilst you do not legally need a PIP we would strongly recommend using one.