Possible Scenarios - DRN
To help explain some of the concepts contained in the Personal Insolvency legislation, the Insolvency Service of Ireland has created some possible scenarios to illustrate how each of the three schemes may operate in respect of a debtor, Personal Insolvency Practitioner or Approved Intermediary, creditors, and the court.
It is important to emphasise that these possible scenarios are for illustrative purposes only.
They are designed to show how a particular arrangement might work in practice and assumes a pragmatic and realistic response by creditors.
The ISI does not provide financial advice.
Approved Intermediaries in the case of DRNs are available to assist debtors.