Dáil Éireann Debate, Tuesday - 22 October 2019
251. Deputy Donnchadh Ó Laoghaire asked the Minister for Justice and Equality the number of recorded personal insolvency arrangements arranged by the top ten PIPs under the Abhaile scheme in each of the years 2016 to 2018, and to date in 2019. [43122/19]
Amharc ar fhreagraThe Deputy will be aware that the Insolvency Service of Ireland, (ISI) is an independent statutory body under my remit. I have had the necessary enquiries made and the Insolvency Service of Ireland has provided the information sought by the Deputy.
|
Year |
No. Court approved PIAs (Top 10 PIPs by volume) |
|
2016* |
201 |
|
2017 |
344 |
|
2018 |
338 |
|
2019** |
129 |
* Q3 & Q4
**Q1 – Q3
Please note that there is no direct correlation between Abhaile vouchers redeemed by a PIP and the number of Personal Insolvency Arrangements (PIAs) approved by court. An Abhaile PIP voucher allows a borrower access financial advice from a PIP. Depending on the unique circumstances of the borrower, the advice may be for the borrower to pursue a statutory debt solution and in other cases, a non-statutory debt solution is recommended. In general, it is important to note that the PIP recommendation is the start of the borrower's journey to explore debt resolution options.
