Personal Insolvency Explained – Summary of the Insolvency Solutions Available and preparation for Client Assessment process
Category: Law and Regulation & Compliance | Duration: 1hr | Tag: VODIRE2166 | Type: Video | Speaker: Claire Kelly
Course Details
Accountants are the trusted advisor for their clients, they know sometimes before the clients accept, that a business is in difficulty. By becoming aware of the potential benefits of the solutions available under Personal Insolvency for their clients, accountants can help their clients through the journey and their relationship is strengthened for the future when their clients financially recover.
- The different insolvency solutions available for clients
- Preparing your client to face their insolvency position
- Areas to watch - higher risk situations (Revenue, Receivers, Farmers)
- Calculation of debt repayment affordability
- Sample successful cases
This course covers the following and much more:
- Summary on the Development of Personal Insolvency Legislation & recent changes
- Government supports for people with mortgage arrears (ABHAILE Scheme)
- Outline of the different arrangements available through personal insolvency and who is eligible
- Understanding Reasonable Living expenses and affordability assessments
- Understanding of normal accepted levels of spend for different family structures, Special Circumstance costs
- Headline on 4 main insolvency options
CPD Course Speaker
Auditor & Personal Insolvency Practitioner
Claire Kelly
Claire Kelly, Auditor & Personal Insolvency Practitioner based in Newbridge, benefits from both experience in accounting & auditing, and expanded her practice into providing solutions to clients in the area of Personal Insolvency since the legislation was introduced 6 years ago.
She is an active member of the Association of Personal Insolvency Practitioners (APIP) the professional representative body of PIPs, having held the position of Chair of APIP in 2020, and has been active at committee level for several years including representing the profession for media activities working with the Insolvency Service of Ireland and their communications team for the ABHAILE scheme which provides funding for debtors at risk of losing their home.
Her team operate a balance of professionalism and empathy for insolvency clients providing expert advice and a realistic assessment of how their debt problems can be restructured working between the Debtors and the banks.
She is an active member of the Association of Personal Insolvency Practitioners (APIP) the professional representative body of PIPs, having held the position of Chair of APIP in 2020, and has been active at committee level for several years including representing the profession for media activities working with the Insolvency Service of Ireland and their communications team for the ABHAILE scheme which provides funding for debtors at risk of losing their home.
Her team operate a balance of professionalism and empathy for insolvency clients providing expert advice and a realistic assessment of how their debt problems can be restructured working between the Debtors and the banks.