CPDStore Ireland

Corporate and personal insolvency rates are on the rise in Ireland in 2024, with a further increase expected in 2025. The ongoing financial pressures are driven by rising interest rates, higher costs of doing business, as well as global geopolitical tensions. As a result, practicing accountants are more essential than ever in guiding clients through these financially challenging times. 

Successfully navigating these situations with clients not only supports their immediate needs but also builds a foundation for long-term retention.

This course equips practicing accountants with the knowledge and tools to confidently assist clients in identifying and managing corporate restructuring and insolvencies. By understanding the current economic climate and the specific steps required for navigating insolvency, accountants will be better prepared to support clients through difficult financial times.

In this session Tom Murray will cover the following topics:

• A Step-by-Step Guide for Practicing Accountants in managing corporate insolvency
• SCARP or Examinership: Selecting the most effective option for your client’s unique circumstances
• Liquidation Process: Comprehensive guide from initiation to completion
• Creditors Meetings – how a creditor’s approach same
• Sector-Specific Strategies: Special insights for the hospitality industry
• Directors’ Responsibilities and Implications: Key considerations for directors entering insolvency proceedings
• Creditors’ Rights and Information Needs: What creditors should understand when a customer enters an insolvency process
• Insolvency Law Updates: Including the latest in case law
• CEA Compliance and Liquidator Supervision

This session is tailored for general practicing accountants with corporate clients facing increased financial challenges.

Course Level: Intermediate