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PIA Case Examples

Real Personal Insolvency Arrangement Examples

A Personal Insolvency Arrangement or PIA is a solution that can help you if you are having prolems with mortgage payments or mortgage arrears and other debts, such as credit cards, loans, overdrafts etc... Have a look at some of our Case Examples. These are anonymous examples of real cases that we have put forward on behalf of some of our clients. If you need help with your mortgage or unsecured debts, fill in the form and one of our advisors will contact you.

PIA Example 1

Our clients were having difficulty paying their mortgage and unsecured debts. By doing a PIA they were able to restructure their mortage to lower the payments from €1,500 to €550 each month. Their unsecured debt repayments were also lowered from €1,020 per month to €263 per month.

On completion of the PIA:
€35,000 mortgage debt will be written off.
€36,064 unsecured debt will be written off.

PIA Example 1


PIA Example 2

A married couple, both civil servants were having difficulty with their mortgage and other debts. After speaking to us they decided to do a PIA. Their mortgage payments were brought down to €530 per month from €1,645 per month for the term of the PIA. They were able to raise a lump sum payment of €10,000 to put towards the unsecured debts.

On completion of the PIA:
€130,000 mortgage debt will be written off and
€225,000 unsecured debt will be written off.

PIA Example 2


PIA Example 3

Our client had run into difficulty with paying her mortgage and unsecured debts. We were able to get her mortgage payments reduced from €1,700 per month to €1,060 per month and her monthly debt repayments down from €4,350 to €315.

On completion of her PIA:
€90,000 will be written off from her mortgage and
€212,320 from her unsecured debts will be written off.

PIA Example 3


PIA Example 4

Our clients had mortgage debts amounting to €330,000 and unsecured debts of €40,000. They were struggling to manage their payments. We were able to get their monthly mortgage payments reduced from €2,700 to €575 and their debt repayments reduced from €740 to €310.

On completion of the arrangement:
€124,000 will be written off from their mortgage and
€17,680 will be written off from their debt.

PIA Example 4


PIA Example 5

A couple were really struggling to manage their high mortgage payments and debt repayments. By entering into a PIA, we were able to reduce their monthly mortgage payments from €2,750 to €1,970 and their debt repayments down from €750 per month to €750 for 6 months only.

On completion of the arrangement:
the €120,000 will be written off their mortgage and
€34,500 of their unsecured debts will be written off.

PIA Example 5


PIA Example 6

A couple were really struggling to manage their high mortgage payments and debt repayments. By entering into a PIA, we were able to reduce their monthly mortgage payments from €1,526 to €801 and their debt repayments down from €923 per month to €300 per month.

On completion of the arrangement:
the €110,000 will be written off their mortgage and
€21,400 of their unsecured debts will be written off.

PIA Example 6

Get information on a PIA

Speak to us to see if you can reduce your debts

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