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Back on Track

Tackling problem debt, together

The Insolvency Service of Ireland (ISI) is an independent government organisation set up to help sort out personal debt problems and help get people back on track.


Bankruptcy Application Costs Reduced and ISI Q4 Statistics Published

14 January 2015 - #Bankruptcy
  • The cost of applying for bankruptcy is now €270, down from €1,400 in 2013.
  • ISI Quarter 4 Statistical Report for 2014 published today showing strong growth in activity since announcement in October of ISI application fees waiver and launch of ‘Back on Track’ information campaign.

Reduction in cost of bankruptcy petitions

There has been a significant reduction in the application costs for bankruptcy. The total cost of applying for bankruptcy is now approximately €270.

This consists of the following:

  • €200 payable to the Official Assignee as a contribution to estate costs which are incurred in bankruptcy.
  • €70 (approximately) payable to Iris Oifigiúil for publication of the bankruptcy notice, as required under the Bankruptcy Act 1988.

Bankruptcy PR


Lorcan O’Connor, Director of the ISI, noted that the total costs associated with applying for bankruptcy had now been reduced significantly from €1,400 in 2013 to €270 today. The equivalent cost in England and Wales is approximately €900.


This development builds on the various initiatives announced by the ISI at the beginning of October, including the waiving of all application fees for the alternative solutions to bankruptcy (DRNs, DSAs and PIAs).


Insolvent debtors are encouraged to visit to take the first step in solving their debt problems.

Quarter 4 Statistical Report released

The ISI’s Statistical Report for Quarter 4, 2014 is now available on the ISI’s website.

Key statistics include:

  • ISI dealing with debt of almost €1.5 billion
  • The number of Personal Insolvency Arrangements (the solution that deals with mortgage debt and aims to keep the debtor in their home) approved in Q4 increased by 148% over Q3 and exceeded the previous three quarters combined
  • The number of Protective Certificates (first stage in process) issued in Q4 increased by 50% over Q3
  • 80% of the Protective Certificates issued are now for Personal Insolvency Arrangements
  • 75% of proposals supported by creditors
  • Almost 1,000 cases in total in 2014
    • Alternatives to bankruptcy 547
    • Bankruptcy cases 448.

Commenting on the latest Statistical report, Mr. O’Connor said that “the number of people availing of the debt solutions available through the ISI is increasing every month and the trend is continuing to move in the right direction. Our new ‘Back on Track’ information campaign, which launched in October with a new website, the elimination of application fees and a set of simplified information materials has clearly helped people to understand that help is available for anyone with unsustainable debt.”


The ISI’s ‘Back on Track’ information campaign will continue during 2015 with a range of initiatives, including focussed advertising and town-hall style meetings being held around the country.


Mr O’Connor encouraged anyone with serious debt issues to consult a Personal Insolvency Practitioner or an Approved Intermediary, details of which are available on or by calling 01 764 4200.
A copy of the ISI’s Q4 Statistical Report is available for download here ISI Statistics 2014 Quarter 4 (PDF)