The Association of Personal Insolvency Practitioners (APIP) helps people in financial distress to find solutions to their debt problems. We have members nationwide who are personal insolvency practitioners (PIPs) that represent individuals who cannot pay their debts (debtors).
PIPs deal with the banks, and other creditors, so that debtors don’t have to - removing the stress and stream of reminder letters about overdue payments.
If you are burdened by debt, a PIP will help you to find a fresh start by:
- reviewing your financial details.
- preparing a prescribed financial statement (PFS).
- applying for a protective certificate which protects you and your assets from legal proceedings for 70 days.
- communicating with lenders/creditors on your behalf and proposing an insolvency arrangement to restructure or write-down your debt.
The level of debt PIPs deal with varies from utility bills, credit card debts and personal loans to car loans and mortgage arrears. Through insolvency arrangements, PIPs aim to achieve a restructure of your debt, with realistic repayment plans while the individual maintains a reasonable standard of living, based on agreed day to day reasonable living expenses. We aim to prevent home repossessions and help people to get back on track financially. We help people to find a fresh start.
APIP members can secure a restructure of your debt, which depending on your personal financial position, may result in some debt write-off. PIPs are independant professionals who are authorised in the areas of both secured and unsecured debts, to agree legally binding solutions, by the Insolvency Service of Ireland (ISI).
An established organisation since 2013, APIP collaborates with the government, banks, other creditors, third parties and the ISI to reform and improve the insolvency system in Ireland. APIP lobbied for the new measures that were introduced in the Personal Insolvency (Amendment) Act 2015, 2021 and 2022, which contributed to the growth and flexibility of the Pesonal Insolvency process.
APIP Committee