Personal insolvency

What debt solutions does Revenue consider?

Since the introduction of the Personal Insolvency Act 2012, there are three debt solution options available to taxpayers who cannot meet their tax obligations

Debt solution options
SolutionLevel or Type of debt
Debt Relief Notice (DRN) Under €35,000 (restrictions apply)
Debt Settlement Arrangement (DSA) Unsecured debt
Personal Insolvency Arrangement (PIA) Secured and unsecured debt

Who in Revenue reviews these proposed debt solutions?

The Insolvency Unit in the Collector-General's Office (link to contact details) should be the first point of contact for all queries submitted by Authorised Intermediaries for DRN and Personal Insolvency Practitioners for DSA or PIA.

It is the Insolvency Unit which will decide on whether to opt in or opt out, and in due course whether to accept or reject proposed arrangements.