The Insolvency Service of Ireland is now accepting applications from people seeking authorisation to work as personal insolvency practitioners (PIPs). PIPs will advise people on the debt settlement and personal insolvency arrangements provided for under the new Personal Insolvency Act.
Speaking on RTÉ’s Morning Ireland, Mr O’Connor said that anyone seeking to become a PIP would have to know the act “inside out”.
Mr O’Connor said that courses and exams for prospective PIPs on the Personal Insolvency Act have been well attended.
He said applicants needed specific skill sets and that solicitors or accountants or someone with a similar qualification would “have a good starting position”.
Other requirements include personal indemnity insurance, fitness and probity tests, and a tax clearance certificate. The Insolvency Service of Ireland is also receiving applications from people seeking authorisation to work as approved intermediaries.