A tailored debt solution to safeguard your financial future
Facing overwhelming debt can be stressful, especially when your home is at risk. A Personal Insolvency Arrangement (PIA) is a structured, legally backed solution that helps individuals regain control of their finances while prioritising home protection. At Grant Thornton Debt Solutions, we specialise in developing accelerated PIAs that reduce repayment burdens and achieve financial stability faster.
Our expert Personal Insolvency Practitioners (PIPs) negotiate with your creditors to restructure secured and unsecured debts, ensuring an affordable repayment plan that fits your circumstances. If you’re struggling with mortgage arrears or unmanageable debt, we’re here to help—contact us today for a free consultation.
How a Personal Insolvency Arrangement works
Why Grant Thornton
With Grant Thornton, you receive:
- Accelerated PIAs – We specialise in completing arrangements faster than industry norms, with some clients achieving financial freedom in just months.
- High success rate – Over 90% of our negotiated arrangements are accepted on the first submission.
- Expert negotiation – Our experienced PIPs work tirelessly to secure the best outcome for you.
- Trusted and authorised – Our PIPs are fully licensed by the Insolvency Service of Ireland (ISI).
- Client-focused approach – We prioritise your financial recovery and long-term stability.
FAQs about PIA
- Protect your home – Our priority is keeping you in your family home wherever possible.
- Affordable repayments – Payments are based on what you can realistically afford.
- Legal debt forgiveness – Remaining unsecured debts are written off at the end of the arrangement.
- Creditor protection – A Protective Certificate shields you from legal action while we negotiate with your creditors.
- Fast-track solutions – Our accelerated PIAs reduce the time needed to resolve debts.
You may qualify for a PIA if:
- You are unable to meet debt repayments as they fall due.
- You have at least one secured debt (e.g., a mortgage).
Even if your lender has initiated repossession proceedings, it’s not too late. Contact us immediately for guidance. Free consultations are available through the Abhaile Scheme, ensuring everyone has access to expert advice.
- Consultation with a PIP – Our experts assess your financial situation and explore the best solution for you.
- Financial statement preparation – We compile a Prescribed Financial Statement (PFS) to outline your income, expenses, and debts.
- Protective certificate application – This grants temporary legal protection from creditors while negotiations take place.
- Arrangement proposal – Within 70 days, we develop and present a formal repayment proposal to your creditors.
- Creditor approval – If 65% (by value) of your creditors agree, the PIA becomes legally binding.
- Debt resolution – You make affordable repayments for the agreed period, with any remaining unsecured debt written off upon completion.
Thanks to the Appeals Process introduced by the Personal Insolvency (Amendment) Act 2015, your PIP can appeal an unfair or unreasonable decision. This appeal may be heard by a personal insolvency judge, and the government covers your costs (via the Legal Aid Board).
Certain conditions apply:
- You cannot apply if you have had a PIA before.
- You are ineligible if currently bankrupt or discharged from bankruptcy within the last five years.
Our team can review your circumstances and guide you through your options.
Protecting a family home
Receive the latest insights, news and more direct to your inbox.