Westmeath IE Personal Insolvency Practitioners: Debt Repayment Solutions Updated

Published March 12, 2024

The launch sees Professional Debt Solutions Ltd. expand its "Rescue Me" service to clients in the region, providing expertise in resolving personal and enterprise insolvency issues. With a deep knowledge of how the Government's Insolvency Service of Ireland body operates, the team helps formulate affordable solutions to both secured and unsecured debts.

More details can be found at https://www.rescue-me.ie/

The updated services help individuals and businesses in financial difficulties find a workable strategy and repayment arrangement to satisfy their creditors. Leveraging the Personal Insolvency Acts of 2012 to 2015, "Rescue Me" has helped hundreds of clients find their feet again in the wake of crippling debts, the continued fallout from the financial crash of the late 2000s and, latterly, the COVID-19 pandemic.

The firm highlights how widespread a problem insolvency is for many people in Ireland, emphasizing that while the term is often associated with businesses, in reality, insolvency applies just as much to individuals. "From people who are struggling to pay their bills on time or having to pay off small amounts to multiple creditors to those who are facing threats of repossession, defaulting on debt repayments remains a huge problem in Ireland," a company spokesperson said.

The firm can advise on what type of settlement package is most suitable for one's personal or business debts. For instance, debt settlement arrangements, or DSAs, are ideal for people with unsecured debts such as credit cards, loans, and overdrafts, offering a way to secure a formal arrangement with creditors to write off some of the outstanding amounts and agree on a realistic and affordable repayment plan.

"Rescue Me" can also help people who have both unsecured and secured debts through personal insolvency arrangements, or a PIA, which is a formal agreement with creditors that restructures debts against property and writes off some of the unsecured loans. These arrangements commonly mean that debtors can remain in their homes.

The spokesperson added, "The goal of the business is to help individuals, in financial difficulty, deal with unsustainable debt, in a structured and controlled manner."

For more information, interested parties can call +353-818-333-517 or visit https://www.rescue-me.ie/

Professional Debt Solutions Ltd.
+353 818 333 517
1 Garden Vale
Ballymahon Road
N37 E2T7

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