Corporate & Personal Insolvency Update, with Focus on the SCARP
Category: Company Law and Insolvency | Duration: 2hr | Tag: VODIREPRUP222| Type: Video | Speaker: Jim Stafford | Date: 30/11/2022 11:00
Course Details
Covid and the Ukrainian crisis 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 Corporate Rescue mechanism, the Small Company Administrative Rescue Process (“SCARP”).
Advisors also need to be within their comfort zones when advising companies in financial difficulty and need to know what options are available. They also to be up to date with the latest case law when negotiating resolutions for personal insolvency clients.
In this session, Jim Stafford covers the following:
- Overview of Small Company Administrative Rescue Process (“SCARP “).
- How to advise clients facing insolvency. The pitfalls to be avoided. Pre-Packs: How to advise your client to “buy back” the business from a liquidator.
- Overview of Turnaround strategies that do not involve formal insolvency.
- How to advise Tenants and Landlords.
- Update on the latest case law relating to personal insolvency.
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.