Course Summary
Duration3 hours
PresenterClaire Kelly
The Personal Insolvency Bootcamp 2021
Course Overview
Session 1: Personal Insolvency Explained – Summary of the Insolvency Solutions Available and Preparation for Client Assessment Process
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
Session 2: Personal Insolvency Solutions – Part 1 – Detail on the Process of Applying for an Insolvency Solution and a Formal DSA/PIA Solution
In this session, Claire Kelly covers the following topics;
- Outline Debtor journey through insolvency process
- Focus on DSA & PIA process
- From Protective Certificate Application to Court Approval
- Outline voting requirements
- Appeals – A walk through the process
- Future legislative developments
Session 3: Personal Insolvency Solutions – Part 2 – Understand Bankruptcy, DRNs, Dealing with Revenue, Receiverships
In this session, Claire Kelly covers the following topics;
- Other insolvency options – DRN & Bankruptcy
- Key creditor groups
- Revenue, Management charges, Social Welfare
- Sample cases dealing with excludable debt in DSA / PIA and how settled
- Excluded Debts – what are they and how to deal with them
- Effect of receiverships
CDP Course Facilitators:
Claire Kelly, Registered Auditor, Personal Insolvency Practitioner, Master of Business Admin
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 currently holds the position of Chair of APIP, the professional representative body of PIPs and has been active at committee level for the last 3 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.