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Insolvency Service of Ireland Data

Dáil Éireann Debate, Thursday - 2 June 2016

Thursday, 2 June 2016

Ceisteanna (131)

Michael McGrath

Ceist:

131. Deputy Michael McGrath asked the Tánaiste and Minister for Justice and Equality the administrative cost of running the Insolvency Service of Ireland, ISI, in 2015; the fees received by the ISI in 2014 and 2015, the number of cases completed, by category; the budget allocated to the ISI for 2016; the staff it employs; and if she will make a statement on the matter. [14228/16]

Amharc ar fhreagra

Freagraí scríofa

I can inform the Deputy that the administrative cost of running the Insolvency Service of Ireland (ISI) in 2015 was €7,914,000. The total staff currently employed by the ISI is 69 full time equivalents.

The total fees received by the ISI in 2014 were €615,000 and in 2015 were €654,000. The budget allocated to the ISI for 2016 is €7,317,000.

The 2016 Q1 Statistical Report published by the ISI indicated that the number of insolvency arrangements approved to the end of the first Quarter of 2016 is 2,057. This figure comprises 669 Debt Relief Notices, 379 Debt Settlement Arrangements and 1,009 Personal Insolvency Arrangements.

In addition, the Government will shortly launch a new Government-funded Scheme to help people who are insolvent, and in mortgage arrears on their home, to access independent expert financial and legal advice. This will include free consultations with Personal Insolvency Practitioners.

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