Debt Relief Notice (DRN). A DRN is a solution that allows for the write off of debts up to €35,000
A Debt Settlement Arrangement (DSA) is a solution that allows for the write-off of Unsecured debts
A Personal Insolvency Arrangement (PIA) is a solution for people with unsecured and secured debts
Sometimes – the DRN the DSA or the PIA are just not the solutions for you. In that case, we can look at Bankruptcy
Tatiana McGreal (PIP).
Tatiana McGreal is authorised by the Insolvency Service of Ireland to act as a Personal Insolvency Practitioner (PIP)
Tatiana is the founder and Principal of Financial Solutions Ireland (FSI) based in Newbridge, Co. Kildare. She has over 20 years’ experience of working in legal and financial services across a wide variety of roles.
We will be happy to review your own personal situation and provide advice on the best road to recovery for you.
While we are based in Newbridge, Co. Kildare, we are happy to talk and meet customers all over Ireland.
Debt Relief Notice (DRN). A DRN is a solution that allows for the write off of debts up to €35,000
Debts such as personal loans, credit card loans, store cards, credit union loans, and overdrafts could be included in a DRN.
However, it is not a suitable solution for people with a mortgage.
Level and type of debt | Income | Assets |
Unsecured debt – max €35,000 | €60 per month (after living expenses) | Max €1,500 |
A Debt Settlement Arrangement (DSA) is a solution solution that allows for the write off of Unsecured debts (not mortgage related). There is no maximum amount
Debts such as personal loans, credit card loans, store cards, credit union loans and overdrafts could be included in a DRN.
Level and type of Debt | Income | Assets |
Unsecured debt – no max | No Max | No Max |
A Personal Insolvency Arrangement (PIA) is a solution for people with unsecured and secured debts. (secured debts includes those with a mortgage)
It is an agreement between you and your Banks that will aim to keep you in your family home where possible and may include debt write off
Level and type of debt | Income | Assets |
All debt up to €3 million* | No Max | No Max |
Sometimes – the DRN the DSA or the PIA are just not the solutions for you.
In that case we can look at Bankruptcy
This is a solution for people in debt over €20,000. Ownership of all your assets transfer to an Official Assignee. The Official Assignee will then sell all the assets and distribute the sale proceeds among your creditors.
Remaining debt will be written off.
Level and type of debt | Income | Assets |
All debt over €20,000 | No Max | No Max |
Alternatively, please contact us today for a friendly discussion on 085-8674883
Or write to us at our office address:
1 Moorefield Terrace, Edward Street, Newbridge, Co. Kildare
Many thanks to you for getting my life back on track. I’m, delighted with the outcome of my PIA.
Tatiana McGreal is authorised by the Insolvency Service of Ireland to act as a Personal Insolvency Practitioner (PIP). Tatiana is the founder and Principal of Financial Solutions Ireland (FSI) based in Newbridge, Co. Kildare.
Address:
1 Moorefield Terrace, Edward Street, Newbridge, Co. Kildare
Phone:
085 867 4883