The search is on for PIPs
The new insolvency legislation gives debtors more options, but the conditions to become a personal insolvency practitionerare onerous, writes Emma Kennedy.
Households struggling with debt will soon have another option, when the Insolvency Service of Ireland (ISI) begins accepting applications for new debt relief processes.
The long-awaited personal insolvency legislation, published by the government in June 2012, introduced significant changes to the way debtors are treated. The bill was signed into law at the end of last year, and the ISI was set up in March.
However, a lot of groundwork was required before the first debt...
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