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Debtor Guide - Bankruptcy

This guide provides general advice on bankruptcy for people who have been made bankrupt

Will I be asked to contribute towards my bankruptcy?

AiB will make the DCO fixing your contribution. The DCO lasts for 48 months or the equivalent weekly period. The amount you will have to pay is set after an assessment of your finances using the Common Financial Tool.  

If you have no surplus income, or are on social security benefits only, a DCO will be made, fixing your contribution at zero. This might be amended if your circumstances change before the end of the 48 months.

If you do not make the agreed payments your trustee can extend the length of the DCO or request payment direct from your bank, employer or any other third party.

Your trustee may also request your discharge from bankruptcy is not granted.

If you are unhappy about your DCO you can request a review to be carried out by AiB.

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