I have been swimming in a sea of debt since the down turn and have been doing my best to try and clear various debts bit by bit. I have finally realised that the best way forward may be to seek some sort of relief or arrangement. At the moment, I am reduced to what I would call the ‘biggies’ which are as follows: A mortgage on an unfinished house (self-build) of €300K with another 80K required to finish the house and make it habitable. This is a tracker mortgage which I have been paying in full every month. A debt to a AIB Commercial Services from a failed business that I had for 88K plus interest. I have a €10 a week instalment order against this. AIBCS have a judgement against this registered on the above partially completed property. This arrangement is in place nearly 7 years. A debt to AIB for €30K (a personally guaranteed overdraft from the business) which is also being repaid at a rate of €10 per week through Cabot. This arrangement is in place over two years. A debt to Cabot for €16K (the residual from a personally guaranteed business asset which was seized and sold to reduce the debt). This is being repaid at the rate of €100 per month. A debt to Deutche Bank for €50K approx. (once again the residual from a personally guaranteed business asset which was seized and sold to reduce the debt). There is no repayment being made on this and none has been sought. I have cleared other bank loans, credit card debt, Credit Union loads, personal loans to family and outstanding finance over the last few years. I have also been trying to repay the above as well. I am separated from my wife now for over five years and we are trying to work out a separation agreement and divorce however the outstanding debt is making this difficult. I am trying to work out if we would qualify for some form of debt relief and I am looking for feedback on this. Both of us are working. My ex earns 26k gross per annum plus €10,400 in child support from me. I am self-employed and my 2015 and 2016 balancing statements were similar with an income of approx. €78K. I have no savings as I have been using every penny to address the debt. My questions are as follows: Are we candidates for some form of debt relief? Does the fact that I am currently servicing all of the debts mean that the financial institutions will sit tight and bide their time to get their dues? For how long is a personal guarantee valid? In a situation like this is a financial institution liable to seek a fresh judgement once the current one expires? Based on the very low repayments to AIBCS and the zero repayments to Deutche Bank would it be better to try and negotiate a reduced settlement offer? My main concern is the AIBCS judgement registered against the property. If I could get some resolution on this I think I could make progress against everything else. I got myself into this situation and I have tried my best to rectify it and dig myself back out again but at the moment its getting difficult. I live at home with my parents My ex lives at home with her mother. We have no other property yet are saddled with a mortgage on a property that neither one of us can live in. This was to be a PPR. If at all possible I want to try and keep the property and pay the mortgage. Due to an investment policy maturing next year I would have enough money to just about finish it however I appreciate this may not be as straightforward as I think. Both of us want to proceed with the formal separation but the debt is making it very complicated. All advice is welcomed with thanks and apologies for the length of this post.