Debt Help Ireland
If you are Irish or a resident of the Republic
of Ireland and you are in need of help with your
debts, there are a few of solutions available
to you; a Formal Scheme
of Arrangement, Debt
Management Plans or an Informal
Scheme of Arrangement.
For more information on any of our Irish
Debt Solutions, or if you just want free
advice, you can contact our advisors on 00353 1 442 9650. OUr Debt ADvice is totally free and will be treatest with strictest confidence.
You can also email us at debthelp@mccambridgeduffy.com or fill in the form below.
1) Formal Scheme of Arrangement | Ireland's
Debt Help Solution
The first solution available to people in the
Republic of Ireland is called the Formal
Scheme of Arrangement (or Arrangement
Under Contol of the Court).
This is similar to the UK debt solution we offer,
called an IVA (Individual Voluntary Arrangement).
Under this arrangement you only need to get 60%
of your creditors (people you
owe money to) to accept your arrangement proposals.
Advantages include:
-Just one affordable monthly payment (it is totally
based on what you can afford not what your creditors
say you should pay)
-Debts will be written off.
-You will know when you will be debt free as the
duration of the arrangement will be set from the
start.
-All interest and charges are frozen
-All your creditors are legally bound by the terms
of the agreement.
2) Debt Management Plans Ireland
A Debt Management
Plan is an informal agreement
between you and your creditors whereby you repay
a agreed figure every month. Debt Management Plans
are usually administered by a Debt Management
company who will arrange repayment of your debts
with all your creditors. The Debt Management company
will get all the creditors to agree to accept
your repayments and can even get your creditors
to freeze interest and charges so that the debt
is repaid more quickly.
Advantages include:
-It is an Informal and flexible arrangement to
suit you.
-If your circumstances change during the plan
just let us know.
-Payments are tailor made to suit your own personal
needs
-The plan can include all your unsecured debts
-This type of agreement is liked by the creditors
to help people who are experiencing problems.
3) Informal Scheme of Arrangement | Ireland's
Debt Help Solution
Another solution available to people in the Republic
of Ireland is the Informal Scheme of Arrangement
This is similar to the Formal Scheme described
above, except it is Informal so your creditors
are not bound by its terms but they can enter
it in good faith. If your creditors do agree to
it and you stick to the agreement you could be
debt free much quicker.
Under this arrangement you need to get all of
your creditors (people you owe money to) to accept
your proposals.
Advantages include:
- Just one affordable monthly payment (it is totally
based on what you can afford not what your creditors
say you should pay)
- Debts may be written off.
- You will know when you will be debt free as the
duration of the arrangement will be set from the
start.
- All interest and charges could be frozen.
Can we help with your debt problems?
To find out if McCambridge Duffy can help you regain control over your finances before matters are taken out of your hands, or to find out if you qualify for an IVA, simply get in touch:
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