Dundalk Chamber of Commerce in conjunction with FPM Chartered Accountants delivered a very successful seminar on explaining the new Personal Insolvency legalisation that has recently became law in September 2013.
The Seminar explained Debt Settlement Arrangements (DSAs), Personal Insolvency Arrangements (PIAs), Debt Relief Notices (DRNs) and a summary of the key changes to Bankruptcy under the new Act. It also explained the opportunity to prepare informal bank and creditor settlement proposals on foot of the new legalisation. The use of practical examples allowed the audience to clearly understand how each aspect of the legalisation could be used to provide solutions to those with commercial property and personal debt.
Utilising their vast experience of the long established UK legalisation the FPM team explained how based on their experience the types of solutions the legalisation could deliver and allow debtors to “breath” again, return to solvency and commence rebuilding their lives. FPM partners Alison Burnside and Seamas Keating are qualified Insolvency Licence Practitioners in the UK and together with Senior Manager Gary Digney have met the technical requirements and are currently awaiting confirmation from the Insolvency Service of Ireland to act as Personal Insolvency Practitioners. This is expected to be completed in the coming weeks.
Speaking after the seminar Gary explained the importance of FPM’s practical experience gained under the UK legalisation in implementing, administrating and bringing to a conclusion potential commercial solutions to Irish Debtors under the new legalisation. For further details please contact Gary Digney in FPM Dundalk office on 042938898 or email@example.com