Case Study: Failed Business - Sole Trader
Reason for Debt: Failed Business – Sole Trader 
Debtor Profile: Couple in their late 60’s. Both working part time.
Family Home: Very small mortgage due to finish soon. Being serviced in full.
Debt Amount: Unsecured debt amounts to €220,000.
Type of Debt: Credit Union Debt, Revenue and residual debt from investment property that was sold
Arrangement: 6 month DSA. Lump sum of €20,000 offered by their children in full and final.
Return for Creditors: Creditors got a 4.7% return.
Outcome for Debtor: €200,000 legally written off. Equity in family home safeguarded