There are a number of new solutions, and also older alternatives, available to distressed borrowers in Ireland through the introduction of the new Personal Insolvency Act 2012, which took effect in October 2013.
There are criteria which you must meet to apply one of the new mechanisms, however, even if you are not suitable, other arrangements are available to enable you deal with your debts.
The documents attached below are supplied by the Insolvency Service of Ireland to give an overview of what is required, and to show how each mechanism can assist you in dealing with your creditors, however these are only for guidance purposes. You should also get expert advice from a professional, and indeed this is required before you can apply.