Debt Relief Notice
A solution for people with unmanageable unsecured debt
How do I know if a DRN is the right insolvency solution for me?
If you have a low income, few assets and debts of less than €35,000 that you can’t repay, then a DRN could be the right solution for you.
However, if you have a mortgage, a DRN is not a suitable solution, as you would be considered to have a considerable asset, even if you are not currently meeting mortgage repayments.
What are the benefits for me?
How much will it cost me to apply?
The service is free. The ISI have waived its fees and Approved Intermediaries cannot charge a fee for their advice and assistance with the application.
How do I get a DRN?
First, make an appointment to meet with an Approved Intermediary – these are a network of qualified debt advice professionals appointed by the ISI to deal with DRNs and are experts in the area of debt advice.
Approved Intermediaries are located around the country and contact details can be found on the ‘Register of AIs’ page of the ISI website www.isi.gov.ie or by calling the ISI’s information line 076 106 4200.