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Personal Insolvency Arrangements
From Insolvency Service of Ireland
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A Personal Insolvency Arrangement (PIA) is an insolvency solution for people with unsecured and secured debts. Secured debt is a debt backed or secured by an asset (for example) a housing loan where a house is mortgaged to secure the loan debt).
It is a formal agreement with creditors that will write off some unsecured debt and restructure any remaining secured debt, while keeping the person in their home where possible.
In order to apply for a Personal Insolvency Arrangement , a person should contact a Personal Insolvency Practitioner (PIP) - these are a network of qualified professional advisors regulated by the ISI to deal with Personal Insolvency Arrangements and are experts in the area of debt advice.
Personal Insolvency Practitioners are located around the country - [external-links https://isi.jahs.ie/public/users | click here for contact details ] or call the ISI's Information Line on 01 764 4200 or free text ISI to 50015 for a callback from our information line.
More information on this solution can be found in the guides below.
Personal Insolvency Arrangement (PIA)
A solution for people with unmanageable debts including mortgages
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If you are in arrears on your home mortgage you could be eligible for a free PIP consultation under the Abhaile service for insolvent borrowers in mortgage arrears.