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Debt Solutions Ireland

See If You Qualify For 70% Debt Write Off

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Debt Solutions now available in Ireland

Debt Settlement Arrangement

A debt settlement solution for more than €20,000 of unsecured debt.

A Debt Settlement Arrangement is a formal agreement between you and your creditors where you repay a percentage of your debt in affordable monthly repayments, and your creditors agree to write off any outstanding debt once your final payment is made.

If you have unsecured debt such as credit cards, loans and overdrafts and are insolvent then a Debt Settlement Arrangement could be the right solution to help your clear your debts. (Insolvent means you are unable to pay your debts in full and when they fall due).

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A Debt Settlement Arrangement is an agreed settlement of your unsecured debts with affordable payments over a period of 5 years. (The limit of 5 years can increase to 6 years in some situations).

When the Debt Settlement Arrangement is completed successfully, the debts that it covers will be fully discharged and you will be solvent again.

There are certain unsecured debts that cannot be included in a Debt Settlement Arrangement, also secured debts such as Mortgages cannot be included in a DSA. There is no limit on the total amount of debt that can be covered.

You must contact a Personal Insolvency Practitioner to apply for a Debt Settlement Arrangement.

We can arrange a Free appointment for you with a Personal Insolvency Practitioner, just request a call back from us today!


What are the benefits of this debt solution?


–  Up to 70% of your debt could legally be written off by your creditors

–  Affordable debt repayments that are based on your living costs

–  No more calls or letters from your creditors

–  Debt free after 5 – 6 Years

–  Interest and Charges Frozen

Personal Insolvency Arrangement

A debt settlement solution for up to €3 million of secured and unsecured debt.

A Personal Insolvency Arrangement allows you to settle and/or restructure your debts over a period 6 years (but can be 7 years in some cases).

A Personal Insolvency Arrangement is a debt solution brought in by the Government to deal with secured debt (mortgage and secured loans) and unsecured debt (credit card, loans and overdrafts)

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If you are struggling to pay your secured and unsecured debt, a Personal Insolvency Arrangement could be the right solution for you.

A Personal Insolvency Arrangement must be put forward by a Personal Insolvency Practitioner and if approved at a creditors’ meeting by a qualified majority of creditors your unsecured debts will be settled over a period of up to 6 years and you will be released from those unsecured debts at the end of that period.

With the help of a Personal Insolvency Practitioner, you can apply for a Protective Certificate while the Personal Insolvency Arrangement is being prepared. This prevents creditors from taking any action while the Personal Insolvency Arrangement is being drafted.

We can arrange a Free appointment for you with a Personal Insolvency Practitioner, just request a call back from us today!


What are the benefits of this debt solution?


–  Up to 70% of your debt could legally be written off by your creditors

– Protection for your family home

– Mortgage Debt could be written down to a more affordable amount

– Debt free after 6 – 7 years

– Your creditors cannot take any legal or debt collection action against you

– Mortgage and debt repayments are reduced to an affordable amount

Laura F. from Athlone

“Bright Day Finance helped me so much, with Rory and his teams help I am now able to manage my debt, and it’s like a weight has been lifted. They even found out I was overpaying on a loan, to which I’m delighted to say Rory sorted for me and I ended up only owing the bank half the amount  so even with just that debt I have saved over a thousand euro.

I can’t praise them enough, it was the best phone call I have ever made, I was in a situation where I was getting deeper and deeper into debt, but was too embarrassed to ask for help. but with Rory and his team they are like the friend you can talk to, they don’t judge! they are here to help you. So if you are in the same situation as I was make that call, it will be the best decision you will ever make”

Chris L. from Galway

“A special thanks to you all and especially to you Rory for being there for me in what was a very stressful time in my life. My debts were spiralling out of control as I struggled to meet the minimum repayments. Since contacting you Rory I have never looked back. You listened and in no time at all I began to feel so much better in myself.

You contacted my creditors and to my amazement they all decided to freeze the interest and charges on my loans. You carefully arranged a debt management plan that works for me and I have one direct debit a month to Bright Day Finance who then pays my seven creditors. It’s been over a year now and everyone is happy. Rory and the team have given me financial freedom and I have a life again”


A debt settlement solution to clear debts over €20,000

Bankruptcy is a solution to clear all your debts if you have little or no money available to repay your creditors.

Bankruptcy is a high court process for people who owe over €20,000. Before you consider applying for bankruptcy you must have explored the alternative solutions to bankruptcy which include a Debt Settlement Arrangement, Personal Insolvency Arrangement and Debt Relief Notice.

Unsecured and secured debt such as mortgages for family homes or buy to let properties, business loans and credit card loans can be included in your bankruptcy.

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Once bankruptcy has been declared, any surplus assets you have are evenly shared amongst your creditors. Once you have received your discharge from your official receiver then your unsecured debts are usually written off (subject to some limitations).

You may be able to agree a schedule of mortgage payments with the bank and the Official Assignee to enable you to stay in your home and pay off your mortgage.

There have been some major changes to the bankruptcy bill recently, under the new rules the bankruptcy term has been reduced from 3 years to 1 year and bankrupt applicants can regain financial ownership of their home after 3 years, if the home is transferred to a spouse or a relative in the meantime.

The recent changes to the bankruptcy bill finally brings Ireland in line with bankruptcy terms in Northern Ireland and the UK.  The Insolvency Service of Ireland have also reduced the cost of going bankrupt to make it an affordable option.

A Personal Insolvency Practitioner can help you identify the best solution for you. Personal Insolvency Practitioners are part of a network of qualified professional advisors regulated by the Insolvency Service of Ireland.

We can arrange a Free appointment for you with a Personal Insolvency Practitioner, just request a call back from us today!


What are the benefits of this debt solution?


–  Debt that you cannot afford to pay is written off

–  Bankruptcy can be a fresh start

–  Debt free after 1 Year

–  This will clear any overwhelming debts

–  Stops creditor action

Debt Relief Notice

A debt settlement solution to clear less than €35,000 of qualifying debt

The Debt Relief Notice process enables eligible insolvent debtors to write off their debts where they can prove they are not in a position to repay them and it is unlikely their financial situation will improve in the next 3 years.

The purpose of this solution is to give relief to people who are in debt and have little or no disposable income or assets which they could use to repay what they owe.

A Debt Relief Notice is a formal arrangement that will enable certain people to write off their unsecured debts altogether.

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If you cannot keep up with your debt repayments because your income is too low this option could be worth considering.

Debt Relief Notices are set up with the assistance of an approved intermediary such as the Money Advice and Budgeting Service. To be eligible for this debt settlement solution the qualifying debts you owe must not exceed €35,000.


What are the benefits of this debt solution?


– Your debts will be written off after 3 years

– No longer be under pressure to make payments that you cannot afford

– Creditors named in your DRN cannot take any legal or debt collection action against you

– becoming debt free


There are lots of debt solutions now available, so if you are struggling with your debt repayments, try not to worry, but do not ignore your problem it’s vital to take action now and take control of your finances.

Thousands of people in Ireland are struggling with debt and we understand that being in debt can be very stressful.

Whatever your financial situation, whatever your circumstances, a Debt Advisor or Personal Insolvency Practitioner can work with you to help you find the best solution.

If you would like Free Debt Advice then let us arrange a FREE appointment for you with a Debt Advisor or Personal Insolvency Practitioner who will be happy to see if you are eligible to have your Debts Written Off.

Mary L. from Tipperary

“My name is Mary I joined bright day finance in march 2012, I was after getting myself in to huge debt and I could not see how I was going to get myself out of this. I contacted bright day finance and it was the best move I ever made.

Bright day set up a debt reduction plan for me and I can now sleep at night not having to worry about the banks or debt collectors calling to my door. Bright day finance provide an excellent service and I will be recommending them to my friends and family who are also struggling in these hard times.”

Liz G. from Wexford

“Since I found Bright Day Finance my life has become less stressful, no longer am I dreading the end of the month and worrying about where I am going to find the money to pay back my debts.

Rory gave me some very sound advice and has taken over handling them for me. I cannot praise Rory or his team enough, they came up with a suitable and affordable payment plan for me, now my creditors are happy and so am I. Thank you Bright Day Finance”