As the Deputy is aware, the Insolvency Service of Ireland (ISI) began accepting cases in September 2013. The ISI releases its statistics on a quarterly basis and the most up to date figures reflecting Quarter 2 of 2015 (up to 30 June 2015) were published on 15 July 2015 on its website www.isi.gov.ie.
I am advised by the ISI that in the case of Debt Relief Notices (DRNs), 100% of applications made were successful. There is no creditors meeting in these circumstances and no DRNs were rejected by the ISI or the Courts. As regards Debt Settlement Arrangements (DSAs), 86% were successful and 73% of Personal Insolvency Arrangements (PIAs) were successful.
Details of the number of successful and unsuccessful applications since September 2013 are set out in the following tables.
Successful Applications 2015 (up to 30 June)
DRN
|
DSA
|
PIA
|
Total
|
218
|
118
|
279
|
615
|
Unsuccessful Applications 2015 (up to 30 June)
DRN
|
DSA
|
PIA
|
Total
|
0
|
20
|
105
|
125
|
Successful Applications 2014
DRN
|
DSA
|
PIA
|
Total
|
251
|
97
|
199
|
547
|
Unsuccessful Applications 2014
DRN
|
DSA
|
PIA
|
Total
|
0
|
18
|
81
|
99
|
Successful Applications 2013 (September to December)
DRN
|
DSA
|
PIA
|
Total
|
0
|
1
|
0
|
1
|
Unsuccessful Applications 2013 (September to December)
DRN
|
DSA
|
PIA
|
Total
|
0
|
0
|
0
|
0
|