New research has found that many people seeking personal insolvency arrangements aren't earning enough money to qualify.
Grant Thornton Debt Solutions studied over 1,000 cases on their books and found that almost half face bankruptcy because they don't qualify for new personal insolvency under new rules.
It found that just one in seven potential applicants would be eligible for a Personal Insolvency Arrangement or a Debt Settlement Arrangament.
Michael McAteer, partner with Grant Thornton and a personal insolvency practitioner, told Newstalk's Breakfast there may be hope for clients who try their best to service their debts: