If you have unsecured debts, such as credit card loans or personal loans, a Debt Settlement Arrangement (DSA) may be a debt solution option for you.
A DSA lasts for up to five years – or in some cases, six years. Any outstanding debts you owe after this time will be written off, i.e., no longer due.
A DSA allows you to pay off as much of your unsecured debt as possible.
You are protected while your DSA is in place, and creditors, such as banks, cannot take any legal action against you.
You can only have one DSA in your lifetime.
How Bounce Back Insolvency will help you find a solution to your debt issue
Our Personal Insolvency Practitioner (PIP) will help you complete a prescribed financial statement (PFS) outlining your financial situation.
Our PIP will submit your application to the Insolvency Service of Ireland (ISI) and the court.
A protective certificate will be issued by the court, which means that creditors cannot contact you about the debt. During this time, our PIP negotiates an insolvency arrangement between you, the debtor, and the banks or other creditors.
If there are no objections, the court will approve the new arrangement, and the ISI will record it in the Register of Debt Settlement Arrangements.
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.
If you have unsecured debts, such as credit card loans or personal loans, a Debt Settlement Arrangement (DSA) may be a debt solution option for you.
A DSA lasts for up to five years – or in some cases, six years. Any outstanding debts you owe after this time will be written off, i.e., no longer due.
A DSA allows you to pay off as much of your unsecured debt as possible.
You are protected while your DSA is in place, and creditors, such as banks, cannot take any legal action against you.
You can only have one DSA in your lifetime.
How Bounce Back Insolvency will help you find a solution to your debt issue
Our Personal Insolvency Practitioner (PIP) will help you complete a prescribed financial statement (PFS) outlining your financial situation.
Our PIP will submit your application to the Insolvency Service of Ireland (ISI) and the court.
A protective certificate will be issued by the court, which means that creditors cannot contact you about the debt. During this time, our PIP negotiates an insolvency arrangement between you, the debtor, and the banks or other creditors.
If there are no objections, the court will approve the new arrangement, and the ISI will record it in the Register of Debt Settlement Arrangements.
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.
