SCARP - 2 Years On (Feb 24)
Category: Company Law & Insolvency | Duration: 1hr | Tag: VODIRE2412 | Type: Video | Course Level: Need to Know | Speaker: Ian Barrett | Date: 22/02/2024 11:30
Course Details
With the end of government supports and tax warehousing ending in May 2024, along with other economic headwinds it is expected that the number of company insolvencies will sharply increase. Early intervention by utilising a rescue process such as SCARP can save viable businesses from closure, if SCARP is successfully exited.
This course is suitable for company directors, accountants and financial advisors who want to understand SCARP as a restructuring tool for viable small and micro companies in financial difficulty:
- Accountants with clients that are facing an uncertain future.
- Accountants who want to understand SCARP as a restructuring and turnaround option, which they can inform their clients of
- Business owners who want to know more about their restructuring and other options.
In this course Ian Barrett covers the following topics,
- Overview of SCARP / comparison with examinership
- Benefits of SCARP
- SCARP statistics (2 years after legislation was enacted)
- Revenue Commissioners’ position on SCARP to date
- Approach and planning for SCARP
CPD Course Speaker
KPMG
Ian Barrett
Ian is a Managing Director in KPMG’s Turnaround & Restructuring practice (1 of the largest in Ireland), has over 18 years experience of providing turnaround and restructuring advice, managing large scale insolvencies / formal appointments, and undertaking business reviews of underperforming businesses on behalf of key stakeholders.
He acts as a formal appointment taker and managed some of the largest Creditors Voluntary Liquidations, Members Voluntary Liquidations, Court Liquidations, Examinerships and Receiverships across a wide range of industries with particular focus on construction, property, healthcare, retail, motor industry, technology and the hospitality sectors.
Recently Ian has also acted as Process Advisor of 2 Irish businesses which successfully exited the Small Companies’ Administrative Rescue Process (“SCARP”).
Ian regularly contributes to various business publications and presents to various representative groups / bodies on important restructuring topics.
He acts as a formal appointment taker and managed some of the largest Creditors Voluntary Liquidations, Members Voluntary Liquidations, Court Liquidations, Examinerships and Receiverships across a wide range of industries with particular focus on construction, property, healthcare, retail, motor industry, technology and the hospitality sectors.
Recently Ian has also acted as Process Advisor of 2 Irish businesses which successfully exited the Small Companies’ Administrative Rescue Process (“SCARP”).
Ian regularly contributes to various business publications and presents to various representative groups / bodies on important restructuring topics.