The new Insolvency Service of Ireland should be up and running and accepting debt relief applications in the second quarter of 2013 .
Any applications will be published on a public register
But the Department of the Taoiseach has said that its IT systems to deal with the applications may not be up and running until the second half of 2013.
Earlier this year the EU Commission warned that new personal insolvency laws could see the focus placed on larger mortgage cases at the expense of smaller, hard-pressed homeowners in greater distress.
The maximum level of debt write off under the insolvency legislation is €3m – but the EU commission have previously expressed concern that this might be “unduly high”.
The Government has approved an initial staff of 80 for the Insolvency Service, and eight Circuit Court judges will be allocated to deal with the cases.