A leading Irish law firm

Personal Insolvency

Personal Insolvency Solicitors. Thousands struggle financially every day – you are not alone! Talk to us about how we can help you get back on your feet.

Insolvency Options in Ireland

If you’re facing personal insolvency, you’ll most likely be feeling upset, stressed and very anxious. Let us assure you that you’re not alone. Due to the recent economic problems, many people across Ireland are going through, and have gone through, the same thing. We can help you, just as we’ve helped many of them.

Our specialised insolvency solicitors will explain your options and find the best approach for your situation. We’ll help you keep the things most important to you, while minimising stress and making sure you pay your creditors the debt you owe in an affordable way.

Ireland has many insolvency options that are open to you. Our solicitors will help you decide which one is best for you. These are:

Debt Relief Notice

The Debt Relief Notice can offer you some protection from your creditors, allowing up to €20,000 of your unsecured debt to be written off or dramatically reduced.

Debt Settlement Agreement

A Debt Settlement Agreement (DSA) can only be used on unsecured debt, but there’s no limit on the amount. To be eligible, your creditor must agree to the DSA. Then, you’ll need to use to a Personal Insolvency Practitioner (PIP) to apply for one. DSAs are normally arranged over a five-year period, sometimes six. After this period, you’re released from all debts.

Personal Insolvency Agreement

Personal Insolvency Agreements, or PIAs, can be used for secured debt as well as unsecured debt. They extend over six years, sometimes seven in special cases. There’s a limit of €3 million of secured debt, and creditors must agree to the Personal Insolvency Agreement. As with the DSA, you need a Personal Insolvency Practitioner to apply.

Bankruptcy
Bankruptcy is another option and can be used if you’re unable to repay both secured and unsecured debts of €20,000 or more.

You and your circumstances are unique – your solicitor should be too. Get in touch with our friendly and experienced insolvency team today, and we typically get back to you within 3 hours or less.

Debt Advice & Financial Service Areas

Asset Protection

If you have had an accident that was someone else’ fault, then an experienced solicitor from Gibson & Associates can give you the advice and support you need to claim compensation.

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Insolvency

If you’re facing personal insolvency, you’ll most likely be feeling upset, stressed and very anxious. Let us assure you that you’re not alone. Due to the recent economic problems, many people across Ireland are going through, and have gone through, the same thing. We can help you, just as we’ve helped many of them.

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Bankruptcy

If you’ve found yourself in a position where you’re unable to repay both secured and unsecured debts of €20,000 or more, bankruptcy may be your best option.

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Avoiding Bankruptcy

Many people interpret insolvency in the exact same way as bankruptcy, and while it is true that they can go hand-in-hand, they don’t have to.

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Declaring Bankruptcy

If you’re considering declaring Bankruptcy in Ireland, there is understandably a lot of research to do to ensure you have fully understood the process, the repercussions and any alternatives that might better suit you.

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Defending Bankruptcy Charges

Falling into financial trouble doesn’t always leave a debtor in the position to arrange debt repayments themselves. In certain situations, one or more of the people or organsations that are owed money can apply to have a debtor made bankrupt, even if the debtor doesn’t want them to.

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Our team is here to help you no matter where in Ireland you’re based.

With offices in Dublin and Letterkenny, and associates around the country, we’re perfectly positioned to help you whether you live in Dublin, Galway, Cork or Donegal or anywhere in between.
For all personal insolvency enquires Complete our Online Enquiry Form, or phone us on +353 1 264 5555

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