(1) Subject to the provisions of this Chapter, a debtor shall not be eligible for the issue of a Debt Relief Notice unless an application for such a Notice is made on his or her behalf in accordance with section 29, and he or she satisfies the eligibility criteria specified in subsection (2).
(2) Subject to this section, the eligibility criteria referred to in subsection (1) are that the debtor, on the application date:
(a) has qualifying debts that amount to €35,000 or less;
(b) has net disposable income, calculated in accordance with subsection (5), of €60 or less a month;
(c) has assets, calculated in accordance with subsection (6), worth €1,500 or less;
(d) is domiciled in the State or, within one year before the application date, has ordinarily -
(i) resided in the State, or
(ii) had a place of business in the State;
(e) is, taking into account the factors referred to in subsection (7), insolvent and has no likelihood of becoming solvent within the period of 3 years commenci
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