The ISI also deals with bankruptcy. But you must first have tried to solve your debt problems using the three alternatives listed above, before you can seek to be made bankrupt.
How do I know if bankruptcy is the right insolvency solution for me?
Bankruptcy is a formal, high court process for people in debt over €20,000. Before you consider applying for bankruptcy you must first have explored the alternative solutions to bankruptcy which are contained in the Personal Insolvency Act 2012, and which are also available on this website. If these alternative solutions are not suitable then bankruptcy could be the right solution for you.
What are the benefits for me?
Who can help me decide if bankruptcy is a solution for me?
A Personal Insolvency Practitioner (PIP) can help you identify the most appropriate option for you. PIPs are part of a network of qualified professional advisors regulated by the ISI and contact details can be found here or by calling the ISI’s information line 076 106 4200.
If you are in home mortgage arrears you could be eligible for a free PIP consultation under a new State-funded scheme.