Irish businesses continue to face headwinds from rising costs, post-pandemic debt, and tightening credit conditions. Accountants are often the first professionals to spot the warning signs of financial distress and are expected to provide informed, practical guidance. This session equips you with a clear understanding of the full spectrum of rescue, restructuring, and insolvency procedures available under Irish law, from examinership and schemes of arrangement to liquidation, receivership, and the Small Company Administrative Rescue Process (SCARP). By attending, you’ll gain the confidence to identify viable rescue routes, advise directors and creditors effectively, and strengthen your practice’s advisory capabilities in a changing economic landscape.
Tom Murray will cover the following topics during this webinar:
- Recognising distress and assessing viability: How to interpret financial warning signs, assess solvency, and determine whether a business can be rescued or should proceed to a formal insolvency process.
- Formal rescue and insolvency options: A practical overview of Examinership, SCARP, Schemes of Arrangement, Creditors’ Voluntary Liquidation (CVL), Members’ Voluntary Liquidation (MVL), Receivership, and Court Liquidation, including their triggers, processes, and outcomes.
- Directors’ duties and professional obligations: Understanding responsibilities under the Companies Act 2014, wrongful and reckless trading provisions, and how accountants can safeguard their professional position.
- Working with stakeholders: Managing relationships with creditors, lenders, the Revenue Commissioners, and the Corporate Enforcement Authority (CEA) during restructuring or insolvency engagements.
- Case studies and practical guidance: Examining real Irish cases that demonstrate successful business rescues and recoveries — what worked, what failed, and lessons for future advisory work.
By attending this session, you will:
- Understand the range of formal and informal restructuring options available under Irish insolvency law.
- Be able to evaluate which procedure from examinership to liquidation best fits a client’s circumstances.
- Gain clarity on directors’ legal obligations and the accountant’s advisory and ethical responsibilities.
- Learn how to engage constructively with lenders, creditors, and the Revenue Commissioners.
- Strengthen your practice by offering credible, proactive rescue and recovery advice to clients in difficulty.
This session will be of particular interest to:
- Accountants and business advisers with SME or corporate clients
- Insolvency practitioners and restructuring specialists
- Auditors and tax advisers handling distressed or insolvent clients
- Financial controllers, CFOs, and directors within Irish companies
- Practice owners seeking to expand into business recovery advisory services
Course Level: Intermediate
