Address: Newbridge Business Centre, Charlotte House, Charlotte Street, Newbridge,
Co Kildare W12 CY98
Co Kildare W12 CY98
Menu
A Debt Settlement Arrangement (DSA) is a formal agreement that allows you to repay a portion of your unsecured debts (like credit cards, personal loans, or overdrafts) over an agreed period. Once the arrangement is completed, any remaining qualifying debt is written off, giving you a fresh financial start.
Help you regain financial stability and manage unmanageable debts effectively.
Unsecured debts like credit cards or loans, and may include Revenue or welfare debts. Some debts, such as court fines are excluded.
Usually runs between 1 and 5 years, depending on your personal circumstances.
Make a confidential, no-obligation enquiry. You’ll have an initial consultation with a member of our team who will explain your options and what to expect.
Meet with Tatiana McGreal, our experienced and authorised Personal Insolvency Practitioner (PIP). She’ll review your financial situation in detail and answer any questions you have.
Receive clear, tailored advice based on your unique circumstances. We’ll explain what a Debt Settlement Arrangement could look like for you.
We apply to the Court for a Protective Certificate (PC). Once granted, your creditors must stop all legal action or contact — giving you vital breathing space.
We design a personalised proposal to restructure your debts. It’s built to be realistic, fair, and focused on helping you recover.
If your creditors approve the arrangement, we oversee everything. We manage payments, communication, and compliance — so you can focus on moving forward.
A DSA is a legally binding agreement between you and your creditors that allows you to repay what you can realistically afford over an agreed period. It covers unsecured debts only (like credit cards or loans).
To qualify for a DSA, you must
* be unable to meet your unsecured repayments as they fall due
* be willing to work with a PIP.
A DSA only deals with unsecured debts, so your mortgage or other secured debts are not included. However, if you're keeping up with your mortgage repayments (or have a plan to catch up), entering a DSA can help by reducing your unsecured debt burden — which may make it easier to afford your mortgage and stay in your home.
A DSA includes only unsecured debts (e.g. personal loans, credit cards, overdrafts). It does not include secured debts such as your mortgage.
Certain debts like child maintenance, court fines, and some taxes are not covered.
The term of a DSA will depend on your personal circumstances and agreement with creditors but it can last up to 5 years. At the end of the term, any remaining qualifying debt is written off.
For a DSA to be approved, creditors representing a majority of your debt must vote in favour. If they don’t, we can review your options.
Unlike a PIA, there is no option to appeal a DSA through the Courts.
In the majority of cases, our fees are built into the structure of your DSA. That is, when your DSA is approved, you make one payment to the PIP that covers repayments to your creditors and PIP fees.
Once you’ve successfully completed your DSA, any remaining included debt is written off. You are legally solvent, free from the included debts, and can begin rebuilding your financial future
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:
Newbridge Business Centre, Charlotte House, Charlotte Street, Newbridge, Co. Kildare
Phone:
085 867 4883
085 708 9203