Personal Insolvency | Debt Help Ireland | Formal Scheme of Arrangement | Debt Management | Informal Scheme of Arrangement | Ireland

Personal Insolvency Ireland

If you are Irish or a resident of the Republic of Ireland and you are in need of help with your debts, there are a few of solutions available to you...
A Formal Scheme of Arrangement, Debt Management Plans or an Informal Scheme of Arrangement.

For more information on any of our Irish Debt Solutions, or if you just want free advice, you can contact our advisors on 1890 719 465.
Our Debt Advice is totally free and will be treatest with strictest confidence.

You can also email us at enquiry@mccambridgeduffy.ie or fill in the form below.

Irish Debt Solution 1:
Formal Scheme of Arrangement

The first solution available to people in the Republic of Ireland is called the Formal Scheme of Arrangement (or Arrangement Under Contol of the Court).
This is similar to the UK debt solution we offer, called an IVA (Individual Voluntary Arrangement).
Under this arrangement you only need to get 60% of your creditors (people you owe money to) to accept your arrangement proposals.

Advantages include:
Just one affordable monthly payment (it is totally based on what you can afford not what your creditors say you should pay)
Debts will be written off.
You will know when you will be debt free as the duration of the arrangement will be set from the start.
All interest and charges are frozen
All your creditors are legally bound by the terms of the agreement.

Irish Debt Solution 2:
Debt Management Plans Ireland

A Debt Management Plan is an informal agreement between you and your creditors whereby you repay a agreed figure every month. Debt Management Plans are usually administered by a Debt Management company who will arrange repayment of your debts with all your creditors. The Debt Management company will get all the creditors to agree to accept your repayments and can even get your creditors to freeze interest and charges so that the debt is repaid more quickly.

Advantages include:
It is an Informal and flexible arrangement to suit you.
If your circumstances change during the plan just let us know.
Payments are tailor made to suit your own personal needs
The plan can include all your unsecured debts
This type of agreement is liked by the creditors to help people who are experiencing problems.

Irish Debt Solution 3: Informal Scheme of Arrangement | Ireland's Debt Help Solution

Another solution available to people in the Republic of Ireland is the Informal Scheme of Arrangement
This is similar to the Formal Scheme described above, except it is Informal so your creditors are not bound by its terms but they can enter it in good faith. If your creditors do agree to it and you stick to the agreement you could be debt free much quicker.

Under this arrangement you need to get all of your creditors (people you owe money to) to accept your proposals.

Advantages include:
Just one affordable monthly payment (it is totally based on what you can afford not what your creditors say you should pay)
Debts will be written off.
You will know when you will be debt free as the duration of the arrangement will be set from the start.
All interest and charges are frozen

Can we help with your debt problems?

To find out if McCambridge Duffy can help you regain control over your finances before matters are taken out of your hands, or to find out if you qualify for a Debt Management Plan, simply get in touch via one of the methods below...