The Insolvency Service of Ireland (ISI) is an independent statutory body with an objective to restore insolvent persons to solvency.
The role of the ISI is to monitor the operation of the arrangements relating to personal insolvency which include the Debt Relief Notice (DRN), the Debt Settlement Arrangement (DSA) and the Personal Insolvency Arrangement (PIA) provided for in the Personal Insolvency Act 2012. It also maintains the registers relating to personal insolvency debt solutions and authorises, supervises and regulates individuals to carry on practice as personal insolvency practitioners.
If you are unable to pay your debts, there are four debt solutions that may be available to you. These are:
- Debt Relief Notice
- Debt Settlement Agreement
- Personal Insolvency Arrangement
- Bankruptcy
Each debt solution option will depend on how much you owe, the type of debt, your income and assets. Read more about each debt solution option.
Other resources
These pages are provided as resources and information only and nothing in these pages purports to provide professional or legal advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the pages. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of these pages, we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained in these pages.
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