Prescribed Financial Statement
PIP Assessment & Recommendation
Protective Certificate Issued
Proposal Submitted to Creditors
Creditors Meeting Called/ Creditors voting
Proposal Accepted / Declined
S115A Court Submission
Standard Financial Statement
Full review assessment by a QFA
Potential proposal discussed with customer
Proposal submitted to Lender
Resolution from Lender
In many cases a formal Insolvency Arrangement is not necessary to resolve issues relating to mortgage arrears.
It is often possible to reach agreement with your Lender without having to go down the formal insolvency route.
As part of our assessment in Irish Mortgage Holders Organisation we will take a holistic view of your circumstances and assess whether a less restrictive arrangement would be more beneficial to you.
If we feel that this is the route that is most appropriate for your circumstances we will discuss that with you before submitting any proposal to your Lender.
If however we feel that your case would be best served by a more structured Insolvency Arrangement or via Bankruptcy we will refer your case to our in house Personal Insolvency Practitioner for a further assessment.