Practical Personal Insolvency - The Guide to Right-Sizing Your Debt 2022
Category: Company Law and Insolvency | Duration: 2hr | Tag: VODIRETEMI221 | Type: Video | Speaker: Claire Kelly | Date: 28/11/2022 09:00
Course Details
If you have heard clients speaking about how tough cashflow is & what pressure their lenders are putting on them, then you need to know about Personal Insolvency.
Accountants and Advisors are seeing more and more individuals struggling financially. The question is how can they help and guide them to a solution?
Against a background of employment and business uncertainty, high interest rates, cost inflation, Funds taking over loans from pillar banks with different debt collection approaches, many people urgently need a personal restructure on their mortgage and other debts to return to an affordable level of repayments.
This is going to become more challenging as Revenue require later this year, payment plans to be set up for debt currently warehoused due to the Covid pandemic. By being aware and knowledgeable about Personal Insolvency, you can advise and help your clients prepare and try to recover their debt position and help them become more successful in the future.
In this session, Claire Kelly covers the following:
- Personal Insolvency – what it is and recent developments in legislation and the courts
- The 4 Personal insolvency Solutions – what they are, when they apply and how to use them
- Reasonable Living expenses & affordability calculations – how much is allowed for a family day to day costs & assessing what is affordable for debt repayments
- 10 steps to a Personal Insolvency arrangement
- Case studies – Real Personal Insolvency solutions which work
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.