Corporate Insolvency Update - With Focus on the Small Company Administrative Rescue Process
Category: Company Law & Insolvency | Duration: 1hr | Tag: VODIRECACO212 | Type: Video | Speaker: Jim Stafford | Date: 01/12/2021 13:40
Course Details
Covid has presented different threats to clients than those threats from previous recessions. Combined with the impact of Brexit the Advisor needs to be in a position to provide pragmatic advice to clients who are facing insolvency.
Advisors need to be familiar with the new legislation, the Small Company Administrative Rescue Process (“SCARP”), which will revolutionise corporate recovery choices in Ireland. It is hoped that by the date of the course the content will be updated with the Regulations and Court Rules governing the new legislation, and also updated with any published Revenue guidance.
In addition to providing a comprehensive update on SCARP, the course addresses the following:
• How to advise clients facing insolvency. The pitfalls to be avoided.
• Pre-Packs: How to advise your client to “buy back” a business from a liquidator.
• Overview of Turnaround strategies that do not involve formal insolvency.
• How to advise Tenants and Landlords on the topical issue of rent arrears.
CPD Course Speaker
Friel Stafford
Jim Stafford
Jim qualified as a Chartered Accountant in 1987. He is one of Ireland’s leading Corporate Recovery and Insolvency specialists.
Whilst training, he obtained Insolvency experience on several assignments. Upon qualifying, he moved to New York and joined Spicer & Oppenheim. During his 2 years with Spicer & Oppenheim, he had experience with Chapter 7 and Chapter 11 bankruptcy procedures.
In 1989 he joined Cork Gully, the insolvency practice of Coopers & Lybrand (now PWC) in London. He spent five years in London specialising in Corporate Recovery and Insolvency. He returned to Ireland in 1994 and established Friel Stafford.
He is chairman of the Representation Committee of The Irish Society of Insolvency Practitioners & member of the Fellows committee of the Irish Institute of Credit Management. He is authorised to act as a Personal Insolvency Practitioner by the Insolvency Service of Ireland.
Whilst training, he obtained Insolvency experience on several assignments. Upon qualifying, he moved to New York and joined Spicer & Oppenheim. During his 2 years with Spicer & Oppenheim, he had experience with Chapter 7 and Chapter 11 bankruptcy procedures.
In 1989 he joined Cork Gully, the insolvency practice of Coopers & Lybrand (now PWC) in London. He spent five years in London specialising in Corporate Recovery and Insolvency. He returned to Ireland in 1994 and established Friel Stafford.
He is chairman of the Representation Committee of The Irish Society of Insolvency Practitioners & member of the Fellows committee of the Irish Institute of Credit Management. He is authorised to act as a Personal Insolvency Practitioner by the Insolvency Service of Ireland.