Debt Relief Notice: Step 1

How do I assess my debts?

You will qualify for a Debt Relief Notice if your qualifying debts come to a total of €35,000 or less. You will need your most up to date bank statements, statements from credit card or catalogue companies, store cards and anyone else you owe money to. Don't forget to include any arrears on your rent or electricity or gas bills and money owing to friends or family.

How do I assess my assets?

You may qualify for a Debt Relief Notice if your assets are worth €400 or less. This amount doesn't include:

When thinking about how much your assets are worth, remember this is not the same as what you paid for them or what your insurance company would replace them for, it's the market value of your assets, that is the amount you would expect to get for them if you were to sell them second hand. The approved intermediary might ask you for a valuation from you for any of your assets.

How do I assess my Net Disposable Income?

You may qualify for a Debt Relief Notice if your income is €60 or less per month. To calculate your Net Disposable Income, you will need to know your monthly income from all sources (except Child Benefit which is not included) and then subtract the following:

If what you have left is €60 or less your income qualifies for the Debt Relief Notice application

How do I assess my Net Disposable Income?

How do I assess my circumstances?

Some information on your circumstances will be necessary to see if you are eligible for a Debt Relief Notice. This information includes:

We will go through these circumstances with you in more detail during the Eligibility Check.

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