Course Details

Since the enactment of the legislation in 2012 Personal Insolvency has become increasingly more prevalent in society year on year. The legislation is consider a vital tool returning individuals and families return to financial security and move on with their respective lives.


Unfortunately, the impact of the financial crash in 2008 is still being worked through by the Banking Sector. Non-performing loan books continue to be bought / sold, with the underlying security primarily relating to family homes, buy to let properties and personal loans. The owners of these loans are seeking consensual engagement however if this is not possible they will consider all legal remedies in redeeming their loans. 


For the individuals and families, the increase in cost of living combined with interest rate rises has only increased the financial pressure for those who have already been struggling to deal with their debts. As a result, there has been a notable spike in personal insolvency applications, with an increase of 20% in applications for personal insolvency solutions other than bankruptcy in 2023 compared to 2022, a trend which has continued into 2024. 


Accountants need to be aware of the personal insolvency tools available to support their clients in relation to mortgage debt, revenue debt, personal debt (e.g. car loans, creditor cards etc) and personal guarantees. In order to help these clients navigate through difficult financial circumstances it is important that accountants are aware of the different personal insolvency options, and that they understand the process from a high level so that they can inform their clients as to what they can expect from going through the process. 


In this course Ken Gannon covers the following topics;

  • Personal insolvency – what is it and who can avail of it.
  • Types of arrangements
  • The process
  • Case examples
  • Developments in the industry.

CPD Club

Enjoy all of the premium features of the ultimate resource for the Ireland Accounting Community

Join CPD Club

CPD Course Speaker

Grant Thornton

Ken Gannon

Ken joined the firm in 2008 and is a Director in the Transaction Advisory Services Department, focusing exclusively on the insolvency sector. Ken is the lead Director on the firm’s Personal Insolvency service offering, Grant Thornton Debt Solutions, one of the largest Personal Insolvency practitioners in Ireland. Ken has overseen 1000+ successful personal insolvency arrangements. Ken has over 16 years insolvency experience, having worked on various liquidations (Creditors Voluntary, Court-appointed and Member’s Voluntary), receiverships and examinerships and has also been involved in the administration of large portfolios of assets under Grant of Probate. Ken’s sector experience includes retail, hospitality, property, construction, motors, and food and beverage amongst others. He has been involved in the successful sale of trading businesses and large portfolios of properties in receivership situations. Ken also spent a year working as a secondee in Ulster Bank’s Global Restructuring Group, working on debt restructuring workouts for trading businesses.