CPDStore Ireland

Irish businesses continue to face headwinds from rising costs, post-pandemic debt, and tightening credit conditions. Accountants are often the first professionals to spot the warning signs of financial distress and are expected to provide informed, practical guidance. This course equips you with a clear understanding of the full spectrum of rescue, restructuring, and insolvency procedures available under Irish law, from examinership and schemes of arrangement to liquidation, receivership, and the Small Company Administrative Rescue Process (SCARP).

Tom Murray covers the following topics during this course:

• Recognising distress and assessing viability: How to interpret financial warning signs, assess solvency, and determine whether a business can be rescued or should proceed to a formal insolvency process.
• Formal rescue and insolvency options: A practical overview of Examinership, SCARP, Schemes of Arrangement, Creditors’ Voluntary Liquidation (CVL), Members’ Voluntary Liquidation (MVL), Receivership, and Court Liquidation, including their triggers, processes, and outcomes.
• Directors’ duties and professional obligations: Understanding responsibilities under the Companies Act 2014, wrongful and reckless trading provisions, and how accountants can safeguard their professional position.
• Working with stakeholders: Managing relationships with creditors, lenders, the Revenue Commissioners, and the Corporate Enforcement Authority (CEA) during restructuring or insolvency engagements.
• Case studies and practical guidance: Examining real Irish cases that demonstrate successful business rescues and recoveries — what worked, what failed, and lessons for future advisory work.