TOPICS TO BE COVERED
LEARNING OUTCOMES
Day 1
The Role and function of the Insolvency
Understand the structure and functions
Service of Ireland (ISI).
of the ISI and how to engage with it.
The role of the PIP, authorisation
Understand the role, authorisation
process and regulations applicable.
process and the Regulations applicable
to the PIP including inter alia sections
161 and 173 of the Personal Insolvency
Act 2012.
Personal Insolvency Act 2012 to include
Comprehensive knowledge of the
related and relevant legislation
provisions of the Personal Insolvency
(bankruptcy, and fraudulent
Act 2012.
conveyancing legislation and the impact
of family law, civil partnership and
Understand how other relevant
cohabitation legislation).
legislation interacts with the Personal
Insolvency Act 2012.
Role of the Courts in the personal
Understand the role of the Courts in the
insolvency process.
Personal Insolvency process and the
need to get it right first time.
Day 2
Settlement Arrangements Conditions
Understand and be able to compare
and Procedures for:
and contrast the different debt relief
•
DRN
processes including bankruptcy and
•
DSA
recommend the most suitable one for a
•
PIA
Debtor.
•
Bankruptcy
Understand the procedures for each
arrangement, be able to implement and
manage the procedures for each
arrangement once approved.
Communicating with the different
Effectively explain to the debtor, the
parties. How to communicate the relief
procedures, terminology and impact of
options to debtors. Required
debt relief process.
documentation. Letter of Engagement.
How to organise creditors meetings,
Engage and negotiate effectively with
notice periods, proxies etc.
creditors and manage creditors
meetings.
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The role of the Office of the Official
Understand the role of the Official
Assignee in Bankruptcy.
Assignee in bankruptcy.
Legislation affecting the family home,
Understand the requirements of the
including Mortgage Arrears process.
Code of Conduct on Mortgage Arrears.
Dealing with divorce/separation.
Be capable of handling
divorce/separation circumstances and
issues.
Develop a practical knowledge of the
Understand the systems required to be
systems required to be in place for the
in place for the efficient management of
efficient management of an
an arrangement – Banking, IT and
arrangement – Banking, IT and
accounting records.
accounting records. Review of a leading
computer package that meets the
needs of a PIP.
Day 3
Ethics.
Be able to reflectively apply the
concepts of Probity and Ethical
standards.
The key interpersonal skills which are
Understand the importance of the
required in dealing with debtors in
people aspects of the process and
financial distress. The required
possess the competencies required in
interviewing, listening and negotiating
interviewing, listening and
and persuasion skills.
negotiating/persuasion.
Practical steps for the PIP in each relief
Analyse and document the debtors
arrangement including assessing and
financial position in order to:
verifying the income and expenditures
and calculating the disposable income
•
of:
assess income and
expenditures
•
employed
•
calculate disposable income
•
retired
•
value assets and liabilities
•
self-employed
•
understand the implications of
•
unemployed debtors.
contingent liabilities.
Asset and liability valuation techniques
including contingent Liabilities
appreciation
Lender legal documentation including
Facility Letters.
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How to gather all the necessary
information
How to assess reasonable living
Understand and implement the
expenses.
guidelines on how to assess Reasonable
living expenses.
Practical steps required to review
Understand the role of the PIP in the
annual trading financial statements,
annual review of the financial position
income and expenditure accounts,
of the debtor.
assets and liabilities.
Practical steps in determining the
Be able to determine and reflect the
taxation position of a debtor and the
impact of taxation on a debtors’
implications of the realisation of assets
financial position.
on their taxation position. Implications
of debt write down.
Pensions.
Understand the implication of pension
assets on a debtors financial position.
Social Welfare Benefits.
Understand the impact of social welfare
income and benefits on the financial
position of a debtor.
Day 4
Practical knowledge of the security
Understand the enforcement options
taken by creditors (different types of
that debtors may face and the options
personal guarantees, life policies,
available to creditors
land/property, shares/bonds) and the
enforcement options available to
secured and unsecured creditors when
a debtor is in default.
Key elements of corporate insolvency
Understand the different forms of
including liquidations, receiverships and
Corporate insolvency and how they
examinerships.
impact on debtors.
Practical workshops on the ISI case
Understand how DSAs & PIAs will
studies.
operate in practice.
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