How to prepare
Begin by seeking advice from MABS or ISI about the type of debt you have and the personal insolvency solution you may be eligible for.
You will need to contact a Personal Insolvency Practitioner (PIP). They are qualified professionals who make the personal insolvency application on your behalf. If you are in home-mortgage arrears you may be eligible for a free PIP consultation under the Abhaile scheme.
Once you have chosen a PIP, you can prepare for the consultation in advance by gathering the details of your debts as well as your income, savings, assets, and expenses. The PIP may send a pre-consultation questionnaire.
Your first consultation with the PIP must be a face-to-face meeting. This can be in person or online.
When providing information about your circumstances to your PIP, you must act in good faith by giving full and honest information. It is an offence to intentionally provide false or misleading information in an application.
There is currently no fee for a Personal Insolvency Arrangement (PIA) application, however, a PIP may charge a consultation fee. After that, any PIP fees are usually built into the PIA repayment plan.
What to expect once you have engaged a PIP
After the initial consultation, your PIP will provide a recommendation to you regarding the best solution for your circumstances. If you choose to proceed, your PIP will help you to complete the application and will submit the application on your behalf.
