Agree with Jim that they appear extremely complex and likely time consuming to the PIP. The ones I have seen presented to me would appear to have taken many hours to produce!! I'm assuming that the regulations and Court requirements are strict so I can't see muc h profit in them for the PIP involvement!!A PIA is much more time consuming.
what would make a PIA complex?
If you decide to go bankrupt, you could self-adjudicate within 28 days.
When I was in the process of applying to be declared bankrupt, it was necessary to meet with a PIP and have your case assessed to ascertain if an alternative to bankruptcy was available. The PIP then supplied a letter stating that a PIA/DSA was not suitable. Is this still the case?
The starting point should be the [broken link removed]. For example, in a very basic sense, if a couple and a child have RLE of c.€1650/month, an income of €3500/month and repayment obligations of €2000/month, 3500-2000=1500. This means their income available does not give an excess available to pay creditors so no deal could be done.I'm wondering why a PIA was not suitable? Does it come down to the debt being too big?
I'm wondering why a PIA was not suitable? Does it come down to the debt being too big?
Can you rent out your home fully during a PIA?
The PIP then supplied a letter stating that a PIA/DSA was not suitable. Is this still the case?
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