Personal Insolvency
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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.
Insolvency Options in Ireland
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 Services includes the following:
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.
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.
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.
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.
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.
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 organizations that are owed money can apply to have a debtor made bankrupt, even if the debtor doesn’t want them to.
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.
what our clients say…
I received an excellent service from Oliver and his administrative staff, especially Clodagh O’Donnell. It was my pleasure to do business with you all. Many thanks.
Martin Burke, Finglas, Dublin 11
Gibson & Associates acted for me in the purchase of my first home. I found the service offered to be first class and would highly recommend this firm to my friends and colleagues.
Tony Gillespie, Strabane, Co. Tyrone
I would have no hesitation in recommending Gibson & Associates Solicitors to any person who needs a good professional team to represent them on any legal matter. The team was courteous at all times.
Leigh Howard, Dublin
I would recommend Gibson & Associates Solicitors to my family and friends. My solicitor kept me updated regularly and was courteous and professional at all times.
Kim Nolan, Dublin
OUR EXPERTISE
Gibson & Associates LLP is one of Ireland’s leading law firms. No matter your situation, our team will use their experience to make sure that you benefit from the best possible outcome.
OUR ETHOS
We put our clients at the heart of everything we do and work tirelessly to get the best results.
We treat clients and each other the way we’d like to be treated and for us “good enough” just isn’t good enough!
WE’RE FAST & RESPONSIVE
When you make contact with our team, you’ll hear back from us within 3 hours or less – that’s our promise.
WE USE CLEAR, SIMPLE LANGUAGE
We don’t try to impress with “legalese” and jargon. We use clear, plain language.
WE GIVE YOU A DEDICATED POINT OF CONTACT
The person responsible for your case will never change. You’ll be assigned a dedicated point of contact who will take charge of your case from start to finish.
OUR TRANSPARENCY
At Gibson & Associates LLP, we’re clear about our processes and transparent when it comes to costs. Before progressing any case, we offer a no-obligation consultation with our client care team and will provide you with practical options. Integrity and transparency are core to how we work with all of our clients and means we’ll always treat your case as if it was our own.
