Debt Relief Notices

A Debt Relief Notice is an insolvency solution for people who have a low income, few assets and debts of less than €35,000.

It is a formal agreement that allows for the write off of debts up to €35,000 where it is unlikely that a person will be in a position to repay them and it is unlikely their financial situation will improve in the next 3 years.

Debts such as personal loans, credit card loans, store cards, credit union loans and overdrafts could be included in a Debt Relief Notice.

However, it is not a suitable solution for people with a mortgage.

In order to apply for a Debt Relief Notice, a person should contact an Approved Intermediary - these are a network of qualified debt advice professionals appointed by the ISI to deal with Debt Relief Notices and are experts in the area of debt advice.

Approved Intermediaries are located around the country and you can see their details hereor call the ISI's Information Line on 01 764 4200.

More information on this solution can be found in the guides below.