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The Insolvency Service of Ireland announced today that it will start accepting applications on Monday the 9th of September from authorised Personal Insolvency Practitioners and Approved Intermediaries for the new debt reliefs on behalf of insolvent debtors under the Personal Insolvency Act.

Lorcan O’Connor, Director of the ISI said:

This is the culmination of intensive efforts since the ISI’s establishment in March of this year to bring about the necessary infrastructure to facilitate the operation of the three new debt reliefs introduced by the Personal Insolvency Act, as amended.

The ISI will also be publishing a number of statutory instruments on the 2nd of September that underpin the three new debt relief processes before this date. These will be available on the ISI’s website at:

The ISI began authorising PIPs and AIs earlier this month. The ISI is currently processing a large number of practitioner applications. The number of authorised PIPs and AIs are expected to increase over the coming weeks.

The ISI is organising a consultation around an example Personal Insolvency Arrangement that it has created. The example represents an extension of one of the sample PIA scenarios already on the ISI website, subject to a small number of changes.

The consultation period offers stakeholders the opportunity to review the draft and highlight any changes or additions to the draft that they believe would help ensure the smooth introduction of this new debt relief provided for under the Act.

The consultation period closes on Friday the 6th September and the ISI hopes to publish the document in final form by mid September. For further details visit the Publications section of the website (the consultation document is located at the end of the page):

Read the full press release

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