Personal Insolvency and Bankruptcy

Facing insolvency or bankruptcy can be overwhelming. That’s why we offer comprehensive services designed to guide you through every step of the process.

Specialist personal insolvency and bankruptcy services

In 2012, the Irish government implemented crucial legislation aimed at addressing the personal debt crisis stemming from the economic downturn of 2007/2008.

Xeinadin has been at the forefront of assisting numerous clients in navigating the personal insolvency process, helping them settle their debts and secure their financial future. Our dedicated team of experts has provided tailored solutions to hundreds of individuals, enabling them to retain their family homes and achieve sustainable financial stability.

Personal Insolvency and Bankruptcy

Why Xeinadin?


Experienced Professionals

Our team comprises seasoned insolvency experts who are well-versed in the intricacies of personal debt resolution. We bring years of experience to the table, ensuring that you receive the highest standard of service and support.


Tailored Solutions

We recognise that each client’s situation is unique. Whether you’re dealing with secured or unsecured debt, our team will work closely with you to develop a personalised strategy that addresses your specific financial challenges.


Holistic Approach

From informal negotiations with creditors to formal insolvency arrangements, we offer a comprehensive range of services to meet your needs. Whether you require a Personal Insolvency Arrangement (PIA), a Debt Settlement Arrangement (DSA), or assistance with bankruptcy proceedings, we’re here to help.


Protecting Your Assets

We understand the importance of safeguarding your family home and other essential assets. Our team will explore every avenue to protect your interests and ensure a favourable outcome for you and your loved ones.


Guidance and Support

Navigating the insolvency process can be complex, but you don’t have to do it alone. At Xeinadin, we’ll be with you every step of the way, providing expert guidance and support to help you achieve financial freedom.

Understanding personal insolvency

Personal Insolvency can offer a lifeline to individuals struggling with overwhelming debt. Whether you’re facing secured or unsecured debt, a Personal Insolvency Arrangement (PIA) or Debt Settlement Arrangement (DSA) may provide the relief you need. Here’s how it works:

A PIA is suitable for individuals with both secured and unsecured debt. This arrangement spans a 6-year term and offers a legally binding solution for restructuring your debts. It involves a single affordable payment managed by a Personal Insolvency Practitioner (PIP), who distributes funds to creditors according to the terms of the agreement.

On the other hand, a DSA is designed for unsecured debt only. If you’re dealing with loans, credit cards, or overdrafts, a DSA may be the right choice. Similar to a PIA, a DSA operates under a 5-year term and provides a structured repayment plan, ultimately leading to the write-off of any remaining unsecured debt balances.

Navigating bankruptcy

While bankruptcy can be a daunting prospect, it offers a fresh start for individuals burdened by insurmountable debt. Here’s what you need to know:

Debt Write-Off

Bankruptcy entails the complete write-off of unsecured debt, providing relief from the financial burden.

Asset Protection

While certain assets may be transferred to the Official Assignee, essential possessions are typically safeguarded, offering a measure of security.

Income Contribution

Bankrupt individuals may be required to contribute surplus income toward their debts for up to 3 years, ensuring a fair resolution for creditors.

Discharge and Beyond

Bankruptcy typically lasts for 12 months, after which individuals are discharged, allowing them to rebuild their financial future.

Contact our specialists

Mark Ryan

Mark Ryan

Banking & Insolvency PartnerCork

Book a meeting

Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.

Case summaries

Case Summary 1 – Accelerated DSA (6 months)


Case Summary 2 – PIA - Variation of a Standard 6-year PIA term


Case Summary 3 – Accelerated PIA (12 months)


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