The Personal Insolvency Act 2012 (Authorisation and Supervision of Personal Insolvency Practitioners) Regulations 2013 (S.I. No. 209 of 2013) set out the qualification criteria, authorisation requirements and regulatory standards that must be met for an individual to be authorised to carry on the practice of a Personal Insolvency Practitioner.

Criteria

An individual may make an application to carry on practice as a Personal Insolvency Practitioner if that individual:

and

Before an individual will be allowed to carry on the practice of a Personal Insolvency Practitioner, the individual must satisfy the Insolvency Service that he or she:

Practitioners will be expected to meet a number of other standards, including fitness and probity and as part of the authorisation process applicants will be invited to meet with the Insolvency Service Regulation Division.

A practitioner will be dealing with people in vulnerable situations. They will also be expected to engage and negotiate with creditors effectively, make reasonable proposals on behalf of debtors, and manage creditors meetings.  As such, they will be expected to have the necessary people, communication, judgement and negotiation skills, in addition to their qualifications.

It will be an integral part of the process that practitioners are both honest and independent in their approach in reaching debt solutions.

What do you need to know to carry out your role as a practitioner?

The ISI would expect that on completion of a course, that meets the requirements of the ISI, a prospective practitioner should be in a position to:

Where can I find a course

The Insolvency Service continues to work with a City Colleges to ensure that courses are in place to accommodate applicants wishing to become practitioners. The aim of this course is to ensure that future practitioners have a detailed knowledge of the law and its requirements but also an understanding of how to assist people who are insolvent.

If you intend to make an application to become a Practitioner

You should first make yourself familiar with the requirements set out in the  Personal Insolvency Act 2012 (Authorisation and Supervision of Personal Insolvency Practitioners ) Regulations 2013 and Personal Insolvency Practitioner Application Form  before making your application.

You will need to log onto the Insolvency Service's portal system to be given access to our systems to allow you to make your application. The Portal is designed to deliver a secure communication channel between the ISI and Personal Insolvency Practitioners.

How to make an application

The Personal Insolvency Practitioner Application Form is a Word document, which you must type your details into. All applications submitted must be typed. If a question does not apply to you, you should state ‘not applicable’ or ‘N/A’. Do not leave any blank spaces.

The completed application must be printed, signed and dated at the relevant sections. The various items of documentation, which are listed on the checklist on the application form together with the completed application form, will need to be scanned on to our portal system.

You shall inform the Insolvency Service of any changes to the information provided in the application form during the application process.

The ISI will not commence the processing of any application if it is not complete in all respects. Applications will be treated as incomplete unless all questions raised in the application form are fully answered and all applicable supporting documentation has been received by the ISI.  Incomplete applications may be returned to you as invalid.

Supporting Documentation

The following documentation must accompany your application when it is submitted:

Prior to receiving final authorisation, all of the documents above must be submitted to the Insolvency Service.

Fees

The application fee for authorisation as a Practitioner is €1,500. The renewal fee is €1,000. Currently the ISI is authorising Practitioners for a period of three years.

There is no ongoing fee for supervision.

Apply

To apply to be a Practitioner click here

Please note that it will take a minimum of thirty minutes to receive your account activation notice, once you have registered.

How to contact us

If you have any queries in relation to the application form, or other Regulation queries, please contact:

Email: pipapplications@isi.gov.ie
Telephone: 076 106 4234

Continuous Professional Development
The ISI has developed a continuous professional development (CPD) scheme for personal insolvency practitioners.  The purpose of the CPD scheme is to ensure that, on an ongoing basis, practitioners are competent and capable of undertaking the role of a Personal Insolvency Practitioner, keep themselves up to date with current relevant legislation, regulations and guidance.

Each practitioner is responsible for keeping his or her own records in relation to CPD undertaken.

Each practitioner is also obliged to make an annual return by 31 January every year.