{"id":297,"date":"2015-06-18T11:27:54","date_gmt":"2015-06-18T10:27:54","guid":{"rendered":"https:\/\/recoverypartners.ie\/rpc\/?page_id=297"},"modified":"2017-03-31T15:26:04","modified_gmt":"2017-03-31T14:26:04","slug":"potential-solutions","status":"publish","type":"page","link":"https:\/\/recoverypartners.ie\/potential-solutions\/","title":{"rendered":"Potential Solutions"},"content":{"rendered":"<div id='av_section_1'  class='avia-section av-av_section-d18d8c2c81d10022ebd21ffa95322c35 main_color avia-section-default avia-no-shadow  avia-builder-el-0  avia-builder-el-no-sibling  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-297'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_textblock-a46e63d3243520f360b66d40f943954f\">\n#top .av_textblock_section.av-av_textblock-a46e63d3243520f360b66d40f943954f .avia_textblock{\nfont-size:14px;\n}\n<\/style>\n<section  class='av_textblock_section av-av_textblock-a46e63d3243520f360b66d40f943954f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>If you are struggling with bills and juggling obligations, \u00a0you may have reached a point where you are unable to pay your debts as they come due.\u00a0 Therefore, you may actually be Insolvent.\u00a0 If you think your home might be at risk, or your means of earning a living might be compromised, you need to know for certain whether you are solvent or not.<\/p>\n<p style=\"text-align: center;\">For now, just take a quick Insolvency Selfie here:<\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-d255972551a5e096852e83bda5368d4d\">\n#top .hr.hr-invisible.av-av_hr-d255972551a5e096852e83bda5368d4d{\nmargin-top:-25px;\nheight:1px;\n}\n<\/style>\n<div  class='hr av-av_hr-d255972551a5e096852e83bda5368d4d hr-invisible  avia-builder-el-2  el_after_av_textblock  el_before_av_two_fifth '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb av_two_fifth  avia-builder-el-3  el_after_av_hr  el_before_av_one_fifth  first flex_column_div av-zero-column-padding '     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_fifth-2a64de42b738552fe666ca889af77e28\">\n.flex_column.av-av_one_fifth-2a64de42b738552fe666ca889af77e28{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_fifth-2a64de42b738552fe666ca889af77e28 av_one_fifth  avia-builder-el-4  el_after_av_two_fifth  el_before_av_two_fifth  flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_image-cd98d9c17a57245ed8e71602957fe621\">\n.avia-image-container.av-av_image-cd98d9c17a57245ed8e71602957fe621 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-av_image-cd98d9c17a57245ed8e71602957fe621 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-av_image-cd98d9c17a57245ed8e71602957fe621 av-styling-no-styling avia_animated_image av-animated-when-visible-95 pop-up avia-align-center  avia-builder-el-5  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/apps.aquarium-software.com\/isicalc\/?url=recoverypartners\" class='avia_image' target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class='wp-image-766 avia-img-lazy-loading-not-766 avia_image ' src=\"https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2-180x180.png\" alt='' title='selfie2'  height=\"180\" width=\"180\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2-180x180.png 180w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2-80x80.png 80w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2-300x300.png 300w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2-36x36.png 36w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2-120x120.png 120w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2-450x450.png 450w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/selfie2.png 583w\" sizes=\"(max-width: 180px) 100vw, 180px\" \/><\/a><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_fifth-2a64de42b738552fe666ca889af77e28\">\n.flex_column.av-av_two_fifth-2a64de42b738552fe666ca889af77e28{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_two_fifth-2a64de42b738552fe666ca889af77e28 av_two_fifth  avia-builder-el-6  el_after_av_one_fifth  el_before_av_hr  flex_column_div av-zero-column-padding '     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-a9acdf97bbd419658e2e185bbcb6a05e\">\n#top .hr.hr-invisible.av-av_hr-a9acdf97bbd419658e2e185bbcb6a05e{\nmargin-top:-50px;\nheight:1px;\n}\n<\/style>\n<div  class='hr av-av_hr-a9acdf97bbd419658e2e185bbcb6a05e hr-invisible  avia-builder-el-7  el_after_av_two_fifth  el_before_av_one_full '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb av_one_full  avia-builder-el-8  el_after_av_hr  el_before_av_textblock  first flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_textblock-b5b4027ac47f1fe382e21d539be05ada\">\n#top .av_textblock_section.av-av_textblock-b5b4027ac47f1fe382e21d539be05ada .avia_textblock{\nfont-size:15px;\ncolor:#ea766d;\n}\n<\/style>\n<section  class='av_textblock_section av-av_textblock-b5b4027ac47f1fe382e21d539be05ada'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: center;\">SELFIE INSOLVENCY CHECK<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_textblock-a46e63d3243520f360b66d40f943954f\">\n#top .av_textblock_section.av-av_textblock-a46e63d3243520f360b66d40f943954f .avia_textblock{\nfont-size:14px;\n}\n<\/style>\n<section  class='av_textblock_section av-av_textblock-a46e63d3243520f360b66d40f943954f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p><em>\u00a0<\/em>If you cannot see yourself recovering from this financial distress on your own, there are now formal debt solutions available to assist and protect your family home and earning potential.\u00a0 What is best or right for you will depend principally on<\/p>\n<ul>\n<ul>\n<li>The full value of what you owe<\/li>\n<\/ul>\n<\/ul>\n<ul>\n<ul>\n<li>The class of these debts, i.e. are they secured or unsecured, or both<\/li>\n<\/ul>\n<\/ul>\n<ul>\n<ul>\n<li>Your income<\/li>\n<\/ul>\n<\/ul>\n<p style=\"text-align: left;\">By the way, this is calculated <strong>to be nett<\/strong> of your Allowable Living Expenses after family &amp; lifestyle circumstances are applied.<\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-d255972551a5e096852e83bda5368d4d\">\n#top .hr.hr-invisible.av-av_hr-d255972551a5e096852e83bda5368d4d{\nmargin-top:-25px;\nheight:1px;\n}\n<\/style>\n<div  class='hr av-av_hr-d255972551a5e096852e83bda5368d4d hr-invisible  avia-builder-el-11  el_after_av_textblock  el_before_av_two_fifth '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_two_fifth-352b07ef7d3bc99b2e9f92e7a9e06bdb av_two_fifth  avia-builder-el-12  el_after_av_hr  el_before_av_one_fifth  first flex_column_div av-zero-column-padding '     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_fifth-2a64de42b738552fe666ca889af77e28\">\n.flex_column.av-av_one_fifth-2a64de42b738552fe666ca889af77e28{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_fifth-2a64de42b738552fe666ca889af77e28 av_one_fifth  avia-builder-el-13  el_after_av_two_fifth  el_before_av_two_fifth  flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_image-491439f7a15bed21ce5554976e3fdaac\">\n.avia-image-container.av-av_image-491439f7a15bed21ce5554976e3fdaac img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-av_image-491439f7a15bed21ce5554976e3fdaac .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-av_image-491439f7a15bed21ce5554976e3fdaac av-styling-no-styling avia_animated_image av-animated-when-visible-95 pop-up avia-align-center  avia-builder-el-14  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"http:\/\/backontrack.ie\/rle-calculator\/\" class='avia_image' target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class='wp-image-775 avia-img-lazy-loading-not-775 avia_image ' src=\"https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/calc.png\" alt='' title='calc'  height=\"150\" width=\"150\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/calc.png 150w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/calc-80x80.png 80w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/calc-36x36.png 36w, https:\/\/recoverypartners.ie\/wp-content\/uploads\/2015\/06\/calc-120x120.png 120w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_two_fifth-2a64de42b738552fe666ca889af77e28\">\n.flex_column.av-av_two_fifth-2a64de42b738552fe666ca889af77e28{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_two_fifth-2a64de42b738552fe666ca889af77e28 av_two_fifth  avia-builder-el-15  el_after_av_one_fifth  el_before_av_hr  flex_column_div av-zero-column-padding '     ><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-a9acdf97bbd419658e2e185bbcb6a05e\">\n#top .hr.hr-invisible.av-av_hr-a9acdf97bbd419658e2e185bbcb6a05e{\nmargin-top:-50px;\nheight:1px;\n}\n<\/style>\n<div  class='hr av-av_hr-a9acdf97bbd419658e2e185bbcb6a05e hr-invisible  avia-builder-el-16  el_after_av_two_fifth  el_before_av_one_full '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_full-352b07ef7d3bc99b2e9f92e7a9e06bdb av_one_full  avia-builder-el-17  el_after_av_hr  el_before_av_textblock  first flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_textblock-b5b4027ac47f1fe382e21d539be05ada\">\n#top .av_textblock_section.av-av_textblock-b5b4027ac47f1fe382e21d539be05ada .avia_textblock{\nfont-size:15px;\ncolor:#ea766d;\n}\n<\/style>\n<section  class='av_textblock_section av-av_textblock-b5b4027ac47f1fe382e21d539be05ada'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: center;\">RLE CALCULATOR<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_textblock-a46e63d3243520f360b66d40f943954f\">\n#top .av_textblock_section.av-av_textblock-a46e63d3243520f360b66d40f943954f .avia_textblock{\nfont-size:14px;\n}\n<\/style>\n<section  class='av_textblock_section av-av_textblock-a46e63d3243520f360b66d40f943954f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><ul>\n<ul>\n<li>Your assets, fixed or other, ie Property, Art, Cars etc<\/li>\n<\/ul>\n<\/ul>\n<ul>\n<ul>\n<li>Your potential to return to financial health<\/li>\n<\/ul>\n<\/ul>\n<ul>\n<ul>\n<li>Your trade or profession<\/li>\n<\/ul>\n<\/ul>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_textblock-4be7e3e0d88a6602c45b69434efeb1b1\">\n#top .av_textblock_section.av-av_textblock-4be7e3e0d88a6602c45b69434efeb1b1 .avia_textblock{\nfont-size:13px;\n}\n<\/style>\n<section  class='av_textblock_section av-av_textblock-4be7e3e0d88a6602c45b69434efeb1b1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>What you have just read is not exhaustive; you may also be a suitable candidate for an <strong>Informal Arrangement<\/strong>.\u00a0 This is where you come to a renegotiated agreement with some or all of your Creditors. \u00a0It may be a full restructuring of all your borrowings, or it might just be a revised repayment plan with your Mortgage lender.\u00a0 The most important thing to know is that in my experience, both as a Financial Controller and now as an Insolvency Practitioner, that this, the informal agreement, is usually the first intention of any approach to a Creditor.<\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_heading-8adae4756c7f52ceda15dcde1f590ce6\">\n#top .av-special-heading.av-av_heading-8adae4756c7f52ceda15dcde1f590ce6{\npadding-bottom:10px;\ncolor:#fabf8f;\nfont-size:40px;\n}\nbody .av-special-heading.av-av_heading-8adae4756c7f52ceda15dcde1f590ce6 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-av_heading-8adae4756c7f52ceda15dcde1f590ce6 .av-special-heading-tag{\nfont-size:40px;\n}\n.av-special-heading.av-av_heading-8adae4756c7f52ceda15dcde1f590ce6 .special-heading-inner-border{\nborder-color:#fabf8f;\n}\n.av-special-heading.av-av_heading-8adae4756c7f52ceda15dcde1f590ce6 .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-av_heading-8adae4756c7f52ceda15dcde1f590ce6 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-av_heading-8adae4756c7f52ceda15dcde1f590ce6 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-av_heading-8adae4756c7f52ceda15dcde1f590ce6 av-special-heading-h3 custom-color-heading blockquote modern-quote  avia-builder-el-21  el_after_av_textblock  el_before_av_table  av-inherit-size'><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Debt Solutions In a mouthful <\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<div class='avia-data-table-wrap av-av_table-6d1f23f15aca9e81e0a56c1dac39f147 avia_scrollable_table avia-table-1'><table  class='avia-table avia-data-table avia_pricing_default  avia-builder-el-22  el_after_av_heading  el_before_av_one_half '  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Table\" ><tbody><tr class='avia-heading-row'><th class=''>Debt Relief Notice (DRN) <\/th><th class=''>Debt Settlement Arrangement (DSA) <\/th><th class=''>Personal Insolvency Arrangement (PIA) <\/th><th class=''>Bankruptcy <\/th><\/tr><tr class=''><td class=''>You may apply for a DRN if you have:<br \/>\n\u2022 debts below \u20ac35,000,<br \/>\n\u2022 a low income, and<br \/>\n\u2022 few assets.<br \/>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">A DSA is only for unsecured debts. These include credit card loans, personal loans and store cards.<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">A PIA can include both secured debts (such as mortgages) and unsecured debts (such as credit card and personal loans).<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">Bankruptcy is a High Court process that deals with unsecured debt (such as personal loans, credit card and business loans) and secured debt (such as mortgages).<\/p>\n<\/td><\/tr><tr class=''><td class=''>\n<p style=\"text-align: justify;\">Your DRN can include some secured debts and unsecured debts (such as credit card loans, utility bills, store cards and personal loans).<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">A DSA will normally last up to 5 years (or 6 years in some cases). During this time the unsecured creditors named in your DSA cannot take any legal or debt collection action against you.<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">A PIA will normally last up to 6 years (but can be 7 years in some cases). During this time the creditors named in your PIA cannot take any legal or debt collection action against you.<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">Most forms of unsecured debt are written off in bankruptcy<\/p>\n<\/td><\/tr><tr class=''><td class=''>\n<p style=\"text-align: justify;\">Your DRN will normally last for 3 years. After this, the money you owe to the creditors named in your DRN will be cleared as long as you meet all conditions in your DRN.<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">A DSA allows you to pay off as much of your unsecured debt as you can, with the outstanding balance after 5 years (or 6 years in some cases), written off.<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">A PIA allows you to settle and\/or restructure your debts over a period 6 years (but can be 7 years in some cases).<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">When you are made bankrupt, the ownership of your assets transfers to the Official Assignee.<\/p>\n<\/td><\/tr><tr class=''><td class=''>\n<p style=\"text-align: justify;\">During this time the unsecured creditors named in your DRN cannot take any legal or debt collection action against you.<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">You must engage a Personal Insolvency Practitioner (PIP)<br \/>\n<a href=\"https:\/\/recoverypartners.ie\/contact\/\">contact v.pip<\/a><\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">You must engage a Personal Insolvency Practitioner (PIP)<br \/>\n<a href=\"https:\/\/recoverypartners.ie\/contact\/\">contact v.pip<\/a><\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">You may not necessarily lose your home. You may be able to agree a schedule of mortgage payments with the bank and the Official Assignee to enable you to stay in your home and pay off your mortgage.<\/p>\n<\/td><\/tr><tr class=''><td class=''>\n<p style=\"text-align: justify;\">DRN : in small steps<br \/>\nYou must apply for a DRN through an Approved Intermediary (AI)<br \/>\n<a href=\"https:\/\/recoverypartners.ie\/contact\/\">contact v.pip<\/a><br \/>\nYour details will be recorded on the Register of Debt Relief Notices, which is available to the public. Your record will be removed 3 months after the DRN has been completed.<br \/>\nYour DRN can wind up earlier than 3 years if you have paid back 50% of the total DRN creditor balance<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">DSA : in small steps<br \/>\nYou must apply for a DSA through a licenced PIP.<br \/>\n<a href=\"https:\/\/recoverypartners.ie\/contact\/\">contact v.pip<\/a><br \/>\nIf the ISI and the Court are satisfied, v.pip gets 70 days to create and build a proposal to present to you and your creditors. You have to agree to the proposal.Creditors owning at least 65% of your debts must also agree with the proposal. The ISI and the Court carry out final reviews and tests of the case presented and you will then be presented with your DSA.<br \/>\nYour details will be recorded onto the Register of Debt Settlement Arrangements, which is available to the public. Your details will be removed 3 months after the DSA has completed<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">PIA : in small steps<br \/>\nYou must apply for a PIA through a licensed PIP.<br \/>\n<a href=\"https:\/\/recoverypartners.ie\/contact\/\">contact v.pip<\/a><br \/>\nIf the ISI and the Court are satisfied, v.pip gets 70 days to create and build a proposal to present to you and your creditors. You have to agree to the proposal. Creditors owning at least 65% of your debts must also agree with the proposal. The ISI and the Court carry out final reviews and tests of the case presented and you will then be presented with your PIA<br \/>\nYour details will be recorded onto the Register of Personal Insolvency Arrangements, which is available to the public. Your details will be removed 3 months after the PIA has completed<\/p>\n<\/td><td class=''>\n<p style=\"text-align: justify;\">Bankruptcy will normally last for 12 months.<br \/>\nAny monies in excess of your reasonable living expenses,<br \/>\n<a href=\"http:\/\/backontrack.ie\/rle-calculator\/\" target=\"_blank\" rel=\"noopener\">RLE Calc<\/a> will be due to Official Assignee and go towards your creditors for up to 3 years.<br \/>\nTo be adjudicated bankrupt, you must attempt all other options first, contact v.pip before you Self Petition without a PIP.<\/p>\n<\/td><\/tr><tr class=''><td class=''>You can only have one DRN in your lifetime.<\/td><td class=''>You can only have one DSA in your lifetime.<\/td><td class=''>You can only have one PIA in your lifetime. <\/td><td class=''>\n<p style=\"text-align: justify;\">Your name will appear and remain on the bankruptcy Register kept in the Office of the Examiner of the High Court and is openly available.<\/p>\n<\/td><\/tr><\/tbody><\/table><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_half-352b07ef7d3bc99b2e9f92e7a9e06bdb\">\n.flex_column.av-av_one_half-352b07ef7d3bc99b2e9f92e7a9e06bdb{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_half-352b07ef7d3bc99b2e9f92e7a9e06bdb av_one_half  avia-builder-el-23  el_after_av_table  el_before_av_one_half  first flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_font_icon-2fcbceb5c54281c811b2438958ee765d\">\n.av_font_icon.av-av_font_icon-2fcbceb5c54281c811b2438958ee765d{\ncolor:#ea766d;\nborder-color:#ea766d;\n}\n.av_font_icon.av-av_font_icon-2fcbceb5c54281c811b2438958ee765d .av-icon-char{\nfont-size:80px;\nline-height:80px;\nwidth:80px;\n}\n<\/style>\n<span  class='av_font_icon av-av_font_icon-2fcbceb5c54281c811b2438958ee765d avia_animate_when_visible av-icon-style-border avia-icon-pos-center avia-icon-animate'><a href='https:\/\/recoverypartners.ie\/rpc\/wp-content\/uploads\/2016\/01\/Authority.pdf'  class='av-icon-char' aria-hidden='true' data-av_icon='\ue82d' data-av_iconfont='entypo-fontello' ><\/a><span class='av_icon_caption av-special-font'>RPC Letter of Authority <\/span><\/span><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_half-2a64de42b738552fe666ca889af77e28\">\n.flex_column.av-av_one_half-2a64de42b738552fe666ca889af77e28{\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div class='flex_column av-av_one_half-2a64de42b738552fe666ca889af77e28 av_one_half  avia-builder-el-25  el_after_av_one_half  avia-builder-el-last  flex_column_div av-zero-column-padding '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_font_icon-f3f0184b145cf2e8260d8b293e9daf72\">\n.av_font_icon.av-av_font_icon-f3f0184b145cf2e8260d8b293e9daf72{\ncolor:#ea766d;\nborder-color:#ea766d;\n}\n.av_font_icon.av-av_font_icon-f3f0184b145cf2e8260d8b293e9daf72 .av-icon-char{\nfont-size:80px;\nline-height:80px;\nwidth:80px;\n}\n<\/style>\n<span  class='av_font_icon av-av_font_icon-f3f0184b145cf2e8260d8b293e9daf72 avia_animate_when_visible av-icon-style-border avia-icon-pos-center avia-icon-animate'><a href='https:\/\/recoverypartners.ie\/rpc\/wp-content\/uploads\/2016\/01\/RPC-Client-Interview-Sheet.pdf'  class='av-icon-char' aria-hidden='true' data-av_icon='\ue82d' data-av_iconfont='entypo-fontello' ><\/a><span class='av_icon_caption av-special-font'>RPC Client Enquiry Form<\/span><\/span><\/div><\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-297'><div class='entry-content-wrapper clearfix'>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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