Bankruptcy Advice


This is the final insolvency option available. It is our wish that our clients avoid this option; however, in some cases, this is the only viable long-term solution.

This option is designed to help distressed debtors where theirtotal debts exceed total assets by more than €20,000. The decision to grant a bankruptcy order is made by the High Court and an application for this is made on behalf of the debtor by a Personal Insolvency Practitioner (PIP).

If this order is granted, all the debtor’s assets are vested in the Official Assignee in Bankruptcy; this means that he or she takes charge of the debtor’s assets. However, by involving a Personal Insolvency Practitioner such as Negotiators and following the prescribed process this means that someone won’t just arrivewith a large van, take the contents of a debtor’s house and evict them and their family and leaving themhomeless.

Debt Management

This is for borrowers who need help organising their finances. Get your expenses under control, manage your budget more effectively and take the stress out of monthly debt repayments.

Personal Insolvency Arrangement (PIA)

This is for distressed debtors who need help with secured debts, such as mortgages, plus unlimited unsecured debts. We negotiate a PIA for our clients that involves a repayment plan, followed by a debt write-off.

Debt Settlement Arrangement (DSA)

This is for distressed debtors with unlimited unsecured debts, such as bank personal loans, credit card debts and credit union loans. We negotiate a DSA for our clients that involves a repayment plan, followed by a debt write-off.

Are you ready to be debt free?

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