Personal Financial Solutions
Our team of experts has deep technical knowledge and extensive practical experience in creating lasting solutions for individuals in financial difficulty. We work with you to resolve all your debts, whether owed personally or jointly with others. Examples of debt included in negotiated arrangements include bank debt, credit union debt, personal guarantees, taxes and money owed to suppliers for goods or services.
We understand that Personal Insolvency often leads to significant stress and we will work with you in a supportive and respectful manner to achieve the following objectives:
- You can meet a reasonable standard of living
- Your home is protected
- Your debt repayments are based on what you can afford
- You return to solvency
Our Approach Involves The Following Key Steps:
- Analyze: we analyze your financial position, so that we can advise on your specific circumstances
- Recommend a solution: we explain each of the possible solutions (see list and comparison table below) and recommend the solution which is right for you
- Implement the solution for you: we deal with your creditors and implement the agreed solution for you.
What Debt Solutions are Available?
- Personal Insolvency Arrangement (PIA) – for Secured and Unsecured Debt
- Debt Settlement Arrangement (DSA) – for Unsecured Debts only
- Informal Debt Arrangement
- Bankruptcy
- Debt Relief Notice (DRN) – for persons with Low Income / Low Assets.
How Can We Help You?
If you require further information on any of the above debt solutions, or if you would like a free initial consultation, please contact one of our expert advisers at our Dublin office.
Corporate Restructuring
At Kroll, we are committed to turning ailing businesses around.
Business Advisory
Kroll's Business Advisory team aims to help directors, lenders and stakeholders maximize value by providing hands-on practical turnaround guidance and support.
Debt Advisory
Kroll Debt Advisory works in partnership with corporate clients and their stakeholders to ensure the most effective and appropriate funding solutions are in place. We aim to become the 'trusted advisor' to clients and lenders alike.
Examinerships
Examinerships are a key option for businesses that are under pressure due to their overall liabilities, whether to banks, the Revenue Commissioners or general creditors. They allow the company to explore all possibilities for survival.
Schemes of Arrangement
In an ideal scenario, businesses can reorganize themselves through voluntary agreements and re-negotiations with creditors. When this is not possible, schemes of arrangements can be used as an independent process to maintain business and continue trading.
Insolvency Services
At Kroll, we believe relationships are an extremely important element in achieving a successful outcome to a receivership. We respond to our clients’ organizational style and we understand the commercial challenges that they face.
