New Manual on Personal Insolvency
Revenue has published a manual that explains the three debt resolution processes introduced in the Personal Insolvency Act 2012 which also sets out the steps to be taken by Revenue when dealing with a personal insolvency case.
The three new debt resolution processes for individuals in financial difficulty are:
- Debt Relief Notice
- Debt Settlement Arrangement
- Personal Insolvency Arrangement
The manual explains each of the above and Revenue’s procedures for dealing with a personal insolvency case. The manual is published on the Revenue website.