Skip to content

Negotiated Debt Settlements

What you need to know about Negotiated Debt Settlements

This is an informal application to reach a settlement with your creditor where you cannot afford to pay a debt. It is more suitable in circumstances where there is only a single creditor. The agreement is not governed by the courts and the time to reach a decision on an offer is not set out in law which means they usually take longer to be confirmed than a formal arrangement.

Once the agreement is reached, signed and the settlement figure is paid within the terms and timelines set out, then there is no further recourse by the creditor against the individual to collect the balance of the debt.

Where there is more than a single debt owed, we recommend an individual work through the formal insolvency process which has defined timelines and is court legislated.

Ready to get started?

Simply book a 1 to 1 Consultation below to discuss your requirements and to receive a no strings attached quotation.

The compliance side of all operations, ie ensuring you are maintaining full accurate records and reporting... Read More

We offer a number of business consultancy services, with the following being a sample:... Read More

Kildare Audit and Accountancy Services can provide expertise for forensic accountancy investigation.... Read More

We can assist in reviewing your business at a time of distress with a view to restructuring & recovery... Read More

We believe in year-round Tax planning to help minimise your current and future Taxation liabilities. Our Taxation Professionals have.... Read More

Companies with a turnover of less than €6.5m do not normally require an audit. There are certain exceptions, for example, when a small company... Read More

No matter how large or small your business, we understand that your time is precious and, therefore... Read More

We offer a comprehensive company secretarial service from company formation to annual returns and changes in Company Constitution ... Read More