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You recognise corporate insolvency – would you recognise personal insolvency and the appropriate solutions?

Accountants know their clients can have bad/challenging as well as good times. More than ever, as interest rates again increase, costs go up and affordability is tighter, it is important to be able to proactively recommend to clients to have specialist advice early in the process.

Recovery and getting back on track financially is easier the earlier you engage, but harder the closer you come to loosing your home, permanently damaging your relationships and when you are under severe financial & emotional stress.

As a trusted advisor, you have a unique position and insight to your clients and this knowledge will equip you with the skills to advise in this area. Maybe your client is the creditor and doesn’t understand the paperwork and process they are expected to engage with; not engaging or missing deadlines places them at a disadvantage both on participation and in receiving their share of what is available, you can help them not to miss out. This webinar will show you the benefits of personal insolvency, how it acts as a reset button financially, the key steps in the process and when to recommend.

Claire Kelly will cover the following topics during this webinar:

This session will enable you to watch out for red flags that indicate financial distress, know that solutions exist and how your client can access them, key process requirements and what can be achieved. Also when business is going well, the safeguards which can help mitigate personal risk if things go wrong later.

This session will be of particular interest to Accountants, Tax advisors, Corporate insolvency Advisors.

Course Level: Intermediate