Debt Relief Notice (DRN) in Ireland

What is a DRN, and How Does It Work?

A Debt Relief Notice (DRN) offers a potential solution if you have debts amounting to less than €35,000, a low income, and limited or no assets. To initiate the process, you can apply for a DRN through an approved intermediary (AI). The Insolvency Service of Ireland’s website provides a comprehensive list of AIs for your reference.

The DRN could include secured debts and unsecured debts, such as credit card loans, utility bills, or personal loans.
A DRN lasts for three years – or less if half of your debts are paid off. After this time, any debts you owe will be written off, i.e., no longer due.
You are protected while your DRN is in place, and creditors, such as banks, cannot take any legal action against you.
You can only have one DRN in your lifetime.

Need Further Information?

Every journey starts with a step – to start yours today, contact us by whichever method of communication suits you best, and we can start talking about a solution to your financial situation.

Debt Relief Notice (DRN) in Ireland

What is a DRN, and How Does It Work?

The DRN could include secured debts and unsecured debts, such as credit card loans, utility bills, or personal loans.
A DRN lasts for three years – or less if half of your debts are paid off. After this time, any debts you owe will be written off, i.e., no longer due.
You are protected while your DRN is in place, and creditors, such as banks, cannot take any legal action against you.
You can only have one DRN in your lifetime.

Need Further Information?

Every journey starts with a step – to start yours today, contact us by whichever method of communication suits you best, and we can start talking about a solution to your financial situation.