Course Details

Examinership and SCARP are Ireland’s formal corporate rescue processes that continue to be underutilised. Its important for accountants and practitioners to understand the benefits of these processes and how businesses when acting early after identifying financial distress or viability issues, can explore if these processes can save their business. SCARP is only 5 years old and needs to be used more by small and micro companies, at a time when the Revenue Commissioners are being flexible in their approach to negotiating rescue plans.


Ian Barrett will cover the following topics during this webinar:

  • Overview of Examinership and SCARP
  • Detailed explanation of both processes
  • Illustration of a rescue plan
  • Impact on creditors
  • Opportunity for investors to use the process to acquire distressed businesses


By attending this session you will gain a greater understanding of both processes, whether it will be suitable for your business or clients, and the potential cost and benefits of the processes.


This session will be of particular interest to accounting firms, business owners, investors and company directors.


Course Level: Intermediate

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CPD Course Speaker

BDO

Ian Barrett

Ian is a qualified accountant, Insolvency Practitioner and Partner in BDO’s Corporate Recovery practice. He has 20 years’ experience of managing large scale insolvencies and provides turnaround and restructuring advice to underperforming businesses, financial institutions, secured lenders and other key business stakeholders. He acts as a formal appointment taker and managed some of the largest Creditors Voluntary Liquidations, Members Voluntary Liquidations, Court Liquidations, Examinerships, SCARPs and Receiverships across a wide range of industries with particular focus on construction, property, healthcare, retail, motor industry, technology and the hospitality sectors. Ian regularly contributes to various business publications and presents to various representative groups / bodies on important restructuring topics.