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Personal Insolvency Arrangement (PIA)

Your Path to Financial Stability

A Personal Insolvency Arrangement (PIA) offers a viable solution for both secured and unsecured debts. It encompasses various debt types, including mortgages, credit card loans, and personal loans. The duration of a PIA can extend up to six years, with some cases allowing for a slightly shorter or longer term. During this period, the following actions can be taken:
  • Unsecured debts, such as personal or credit card loans, can be settled.
  • Secured debts, such as mortgages, have the potential to be settled, restructured, or written down to a more manageable level.
One crucial aspect of a PIA is the protection it provides. While the arrangement is in effect, creditors, including banks, are prohibited from initiating any legal actions against you. It’s important to note that individuals are limited to one PIA throughout their lifetime.
Play Video

Introduction to PIAs

Play Video

Reasonable Living Expenses explained​​

Personal Insolvency Practitioners

Licensed by the Insolvency Service of Ireland (ISI), Personal Insolvency Practitioners (PIPs) play a crucial role in the PIA application process. They act on your behalf, assisting you in exploring available options and guiding you through the necessary steps.

To discuss your specific circumstances and available choices, please do not hesitate to contact us.

How a PIP Will Help You to Find a Solution to Your Debt Problem

Working alongside a PIP, you will receive expert guidance in completing a prescribed financial statement (PFS). This statement outlines your current financial situation and helps determine the best course of action.

Your PIP will then assist with the following:

  • Submitting the application to the Insolvency Service of Ireland (ISI) and the court.
  • Securing a protective certificate issued by the court preventing creditors from contacting you regarding the outstanding debts.
  • Negotiating an insolvency arrangement between you, as the debtor, and your banks or other creditors.
Subject to any objections, the court will review and approve the new arrangement. The Insolvency Service of Ireland will officially record the arrangement in the Register of Personal Insolvency Arrangements, ensuring its legal validity.

The First Step to Financial Recovery

If you find yourself in financial distress due to mortgage arrears, unmanageable monthly payments, mounting credit card loans, or personal loan repayments, we are here to help.
Play Video

Joes Story

Play Video

Mary Stroy

Need Further Information?

To commence your journey towards financial recovery, please reach out to us using your preferred method of communication. We are eager to discuss the best possible solution for your unique financial situation.
Contact Us

Personal Insolvency Arrangement (PIA)

Your Path to Financial Stability

A Personal Insolvency Arrangement (PIA) offers a viable solution for both secured and unsecured debts. It encompasses various debt types, including mortgages, credit card loans, and personal loans. The duration of a PIA can extend up to six years, with some cases allowing for a slightly shorter or longer term. During this period, the following actions can be taken:
  • Unsecured debts, such as personal or credit card loans, can be settled.
  • Secured debts, such as mortgages, have the potential to be settled, restructured, or written down to a more manageable level.
One crucial aspect of a PIA is the protection it provides. While the arrangement is in effect, creditors, including banks, are prohibited from initiating any legal actions against you. It’s important to note that individuals are limited to one PIA throughout their lifetime.

Introduction to PIAs

Introduction to PIAs

Introduction to PIAs

Play Video

Reasonable Living Expenses explained​​

Reasonable Living Expenses explained​​

Play Video

Mary Stroy

Case 1 - Mary

Play Video

Joes Story

Joes Story

Play Video

Personal Insolvency Practitioners

Licensed by the Insolvency Service of Ireland (ISI), Personal Insolvency Practitioners (PIPs) play a crucial role in the PIA application process. They act on your behalf, assisting you in exploring available options and guiding you through the necessary steps.

To discuss your specific circumstances and available choices, please do not hesitate to contact us.

How a PIP Will Help You to Find a Solution to Your Debt Problem

Working alongside a PIP, you will receive expert guidance in completing a prescribed financial statement (PFS). This statement outlines your current financial situation and helps determine the best course of action.

Your PIP will then assist with the following:

  • Submitting the application to the Insolvency Service of Ireland (ISI) and the court.
  • Securing a protective certificate issued by the court preventing creditors from contacting you regarding the outstanding debts.
  • Negotiating an insolvency arrangement between you, as the debtor, and your banks or other creditors.
Subject to any objections, the court will review and approve the new arrangement. The Insolvency Service of Ireland will officially record the arrangement in the Register of Personal Insolvency Arrangements, ensuring its legal validity.

The First Step to
Financial Recovery

If you find yourself in financial distress due to mortgage arrears, unmanageable monthly payments, mounting credit card loans, or personal loan repayments, we are here to help.

Need Further Information?

To commence your journey towards financial recovery, please reach out to us using your preferred method of communication. We are eager to discuss the best possible solution for your unique financial situation.
Contact Us
Better, brighter future through providing long-term solutions to deal with mortgage arrears and other unsustainable debts.
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Copyright © 2023 Bounce Back Insolvency | Design by theroadmap.co
Better, brighter future through providing long-term solutions to deal with mortgage arrears and other unsustainable debts.
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Copyright © 2023 Bounce Back Insolvency | Design by theroadmap.co
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