Dáil Éireann Debate, Tuesday - 4 November 2014
540. Deputy Niall Collins asked the Minister for Justice and Equality if she will provide in tabular form the number of successful applications for personal insolvency arrangements, debt settlement arrangements and debt relief notices per year since the coming into force of the Personal Insolvency Act 2012; if she will provide the number of applications refused for same; and if she will make a statement on the matter. [41961/14]
View answerAs the Deputy is aware, the Insolvency Service of Ireland (ISI) releases its statistics on a quarterly basis and the most up to date figures reflecting Quarter 3 of 2014 are published on the ISI’s website www.isi.gov.ie. As set out in the ISI’s Quarter 3 Statistical Report, the number of cases as at end September 2014 was as follows;
310 Debt Solution Arrangements have been approved in the year to date, comprising:
- 172 Debt Relief Notices,
- 8 Debt Settlement Arrangements,
- 80 Personal Insolvency Arrangements.
In the Q3 Statistical Report, (at pages 7 & 8) there is an analysis of the outcome of Protective Certificates issued to date and the extent to which creditors have supported proposals made by Personal Insolvency Practitioners is outlined. It is encouraging that three out of four cases are supported by creditors.
The ISI is launching a number of initiatives this autumn through its ‘Back on Track’ campaign, including the temporary waiving of application fees until the end of 2015. Through these initiatives, activity levels are expected to increase significantly over the coming months.
