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Tel. 043 335 1450


- The Debt Clinic is a trading name of O'Brien Insolvency Services Limited and its Registered Office is located at Leader House, Dublin Road, Longford


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Dublin: 01 482 6910 Longford: 043 335 1450 Galway: 091 530 097


- Eugene O'Brien is authorised by the Insolvency Service of Ireland to carry on practice as a personal insolvency practitioner.  

About Debt Settlement Arrangements

Who is eligible for a Debt Settlement Arrangement?


Anyone who is living in the Republic of Ireland who has unsecured debt and is insolvent (cannot pay their debts) is eligible to be considered for a Debt Settlement Arrangement.


How do I start a Debt Settlement Arrangement and what is involved?


You will need to engage the services of a Personal Insolvency Practitioner (PIP) in order to commence a Debt Settlement Arrangement. The PIP is an independent person who prepares a suggested plan for the repayment of your debts. The PIP presents this plan on your behalf to your creditors (they people you owe money to) at a meeting.  If your creditors agree you will begin making the scheduled payments to the PIP who will in turn make payments to your creditors.


What debts can be included?


All unsecured debts can be included in a Debt Settlement Arrangement. There is no limit on the amount of debt that can be included.


What are the typical debts included in a Debt Settlement Arrangement?


Typical debts that may be included are personal loans, credit card balances, credit union loans and overdrafts. In fact all unsecured debts can be included.


Is there any limit on my income or assets?


There are no limits on the income you earn or the assets you own to enter a Debt Settlement Arrangement. The only requirement is that you are insolvent.


How long does a Debt Settlement Arrangement last?




A Debt Settlement Arrangement can last for 5 years and in some exceptional cases 6 years. The arrangement cannot however last longer than 6 years.


What happens at the end of a Debt Settlement Arrangement?


If you comply with all of the terms of your Debt Settlement Arrangement you will be released from any remaining unsecured debt balances at the end of the arrangement.


What happens during a Debt Settlement Arrangement?


During a Debt Settlement Arrangement you will typically make regular payments to the PIP who will make subsequent payments to your creditors.


Does my name appear on a Register?


Yes, as part of the Debt Settlement Arrangement process your name will appear on registers on the website of the Insolvency Service of Ireland.  


Do I get to keep my home?


A Debt Settlement Arrangement will not normally include you giving up your home. This can only occur if both you and the Personal Insolvency Practitioner agree that your home is excessive and too costly for you to maintain.


Can I keep my car?


If you require your car for work or there is a specific reason that you require your car then you may be able to retain it providing its value is not excessive.


What do I do next?


If you think a Debt Settlement Arrangement might be right for you, you should talk to one of our experts today. Contact us today on 043 334 8886 or by email on


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