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Personal insolvency - Bankruptcy provisions commenced

The following provisions, contained in Part 4 of the Personal Insolvency Act, came into operation on 3 December 2013: 

  • A reduction in the length of bankruptcy from 12 years to 3 years;
  • The transfer of the Office of the Official Assignee in Bankruptcy from the Courts Service to the Insolvency Service of Ireland; and
  • The requirement for debtors to show they have made reasonable efforts to avail of a Debt Settlement Arrangement or a Personal Insolvency Arrangement in order to be eligible for bankruptcy.