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How can Debt Advice help me?

If debt worries are driving you to despair - we can provide professional help to get your finances and your life back on track. New personal insolvency schemes mean you no longer have to struggle alone or feel embarrassed about seeking help. 

There is a way out. We can help you access approved debt solutions which will get creditors off your back and allow you to make a fresh start. We have helped thousands of people to escape debt traps. If you are among the many families scrimping on essentials every month just to get by - we can help.

In this Guide

Get started

Taking the first step is the hardest. We provide expert guidance and friendly support each step of the way. We don’t judge, we listen - and we help find the best solution for you. We offer a completely free confidential consultation with one of our experienced personal debt experts.

Your needs always come first with us. Whatever solution you choose, you and your family are guaranteed a reasonable standard of living until the debt solution ends and you are solvent again.

How do I know if I am insolvent?

You may have thought insolvency only refers to businesses not people but that’s not the case. You are technically insolvent if your debts are greater than your assets and you are unable to pay your debts in full as they fall due. 

Insolvency checklist

  • Are you unable to pay all your monthly bills in full?
  • Are you being pursued by creditors?
  • Are you afraid to answer the door or open your mail?
  • Have you been threatened with repossession of your house or belongings?
  • Are you unable to make debt repayments even after making financial sacrifices?
  • Are you struggling to afford even basic essentials for your family?

If you answered yes to more than one of these questions, you should contact us immediately. The sooner you act, the sooner you will become solvent again.


How can I apply for a Debt Solution?

You cannot apply for any these schemes on your own - you need to go through a qualified professional - an Approved Intermediary in the case of a Debt Relief Notice and a Personal Insolvency Practitioner (PIP) for a Personal Insolvency Arrangement or Debt Settlement Arrangement

All PIPs must pass professional exams and are regulated and registered by the Insolvency Service of Ireland (ISI). The ISI maintains a list of approved PIPs.

When you seek advice on debt solutions, you should be prepared to discuss personal issues such as: what assets you own, your income, your expenditure, the level of your debts and whether they are ‘secured’ or ‘unsecured’.  

You are likely to have secured debts if you took out a loan to purchase a house or other property or to pay for a big ticket item such as a car - these goods are available as security against the loan if you fail to keep up payments.

Credit card debt and banks loans (other than mortgages) are generally considered to be unsecured debt.


  • You can only enter one of these solutions at any one time. 
  • You cannot apply if you are already in bankruptcy proceedings. 
  • You can only apply for each of these three solutions once in your lifetime.

Some Background

The Insolvency Service of Ireland (ISI) introduced three debt schemes:

The Insolvency Service of Ireland (ISI) is an independent government body set up to help tackle personal debt problems. It is responsible for authorizing and regulating a network of qualified debt advice professionals including Personal Insolvency Practitioners (PIPs) as well as Approved Intermediaries (AIs).

New debt schemes:

Terms and conditions vary but they are designed to: 

  • reduce or write off unaffordable debt through agreements with creditors
  • restructure payments into a single affordable monthly payment
  • ensure you maintain a reasonable standard of living while paying off debt
  • enable you to make a fresh start once the debt scheme has ended

For families living on a financial knife-edge, these new solutions offer a way of taking positive action to tackle their debts responsibly.

No ISI fee for debt solutions

Obtaining help is more affordable than before as the Insolvency Service of Ireland  (ISI) has waived application fees to enter one of three debt solution schemes. The ISI has decided to waive fees, which can be up as much as €500, until the end of 2015.

Personal Insolvency Act 2012 changes debt landscape

Ireland’s financial crisis and emergency bailout exacted a heavy toll on ordinary families. The economy is growing again and the country has emerged from austerity measures - but even after years of tough financial sacrifices, thousands of hard-working people still despair of escaping from crushing personal debts.

Until December 2012 Irish citizens had limited options for resolving personal debt but the passing of the Personal Insolvency Act 2012 into law has changed that. The Act was passed to alleviate an acute personal debt crisis that has left households throughout the country crippled by long-term mortgage arrears and multiple debt obligations they simply cannot meet. 

Before the introduction of this Act, Bankruptcy was the only route open to people seeking protection from creditors. Bankruptcy remains an option and may be the best one for some people who will benefit from legislative changes which have reduced the statutory bankruptcy term from 12 years to three. However, there is now a range of legal solutions open to people seeking a way out of unmanageable debt.


Carrington Dean

Unit 3 Hays House
High Street
Dublin 24

(01) 905 3150

Opening Hours

Mon: 9:00am - 8:00pm
Tues: 9:00am - 5:00pm
Wed: 9:00am - 8:00pm
Thu: 9:00am - 5:00pm
Fri: 9:00am - 5:00pm
Sat: Closed
Sun: Closed

© 2017 Carrington Dean (Ireland). All rights reserved.

Carrington Dean (Ireland) Limited is a Limited Company registered in Ireland, registered number 537533

Registered office - Unit 3 Hays House High Street Tallaght , Dublin 24

Peter Dean of Carrington Dean Ireland is authorised by the Insolvency Service of Ireland to carry on practice as a personal insolvency practitioner. Peter Dean is also authorised to act as an insolvency practitioner by Institute of Chartered Accountants in England and Wales.