Just 64 insolvency practitioners in the country

As thousands of people struggle under the weight of mounting debt, it has emerged that just 64 people are certified to process their claims under the new insolvency legislation.

That is despite the fact that applications for support from the Insolvency Service of Ireland are set to increase rapidly in the days and weeks ahead.

Under the legislation, which came into effect last month, personal insolvency practitioners (PIPs) have the crucial role of assessing insolvency applications from hard-pressed members of the public, taking them through the process, including liaising with the applicant’s creditors and formulating a plan which will help the person work their way out of their difficulties.