Level / Type of Debt Income Assets Required Intermediary
DRN Under €35,000 Under €60 per month* Max. €400 Approved Intermediary

* after Reasonable Living Expenses are deducted


What is a Debt Relief Notice?

A Debt Relief Notice (DRN) is an insolvency solution for people who have a low income, few assets and debts of less than €35,000.

It is a formal agreement that allows for the write off of debts up to €35,000 where it is unlikely that a person will be in a position to repay them and it is unlikely their financial situation will improve in the next 3 years.

Debts such as personal loans, credit card loans, store cards, credit union loans and overdrafts could be included in a DRN.

However, it is not a suitable solution for people with a mortgage.

Applying for a Debt Relief Notice

In order to apply for a Debt Relief Notice, a person should contact an Approved Intermediary - these are a network of qualified debt advice professionals appointed by the ISI to deal with Debt Relief Notices and are experts in the area of debt advice.

Approved Intermediaries are located around the country - click here for contact details or call the ISI's Information Line on 076 106 4200.

More information on this solution can be found in the guides below.


Debt Relief Notice guides

 Backontrack DRN Cover Back on Track DRN Guide 2016

 Detailed Guide to DRN January 2018