Under the Personal Insolvency Act, 2012 there are a number of options for debtors which will allow individuals to deal with debt where the debtor is insolvent. One of these solutions is known as the Personal Insolvency Arrangement or PIA. A PIA is a mechanism whereby an agreement in reached […]
Tag: Personal Insolvency Arrangement
Debt Resolution; About to become a Reality?
In a previous article one of my colleagues discussed the options proposed under the recently published Personal Insolvency Legislation. This was the proposal for the Debt Relief Certificate for unsecured debt under €20,000. There are two other relevant options for both secured and unsecured debt in this proposed legislation. The […]
Debt Relief Certificate – is it for you?
The short answer to the question posed in the title is it would be very difficult for a person to get debt relief unless they can comply with extremely strict criteria that are set out in the new Personal Insolvency Bill. The reason for the strict criteria is that the […]
