Lessons learnt from holding Virtual Creditors meetings during Covid
  • Posted by: Jim Stafford
  • Category: Business

The Consulative Committee of Accountancy Bodies-Ireland recently issued Technical Guidance on how to hold Virtual Creditors meetings. We are now arranging creditors meetings with the benefit of this guidance. Having now held a number of Virtual Creditors meetings I set out below some common sense tips on how to successfully conduct such meetings. The CCABI…

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Irish Insolvency Practitioners have been instructed to hold “Virtual”Creditors Meetings by the CCABI
  • Posted by: Jim Stafford
  • Category: Business

The Consultative Committee of Accountancy Bodies-Ireland have just instructed its members that Creditors meetings must be held Virtually. I set out the link to the notice on the CAI website: CCABI Notice The instruction will promote much debate amongst creditors.

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Free Webinar outlining pragmatic steps that Accountancy firms and their clients should take in response to Covid
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

I am looking forward to presenting the above Webinar next Tuesday 31st March at 2pm. The webinar is free, and you may register by clicking on the below link: Free Webinar The full URL as as follows:

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What do you do if you are unable to pay the actual redundancy monies due to employees that you are making redundant?
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

The answer depends on whether you are a sole trader, partnership or limited company. Some businesses, in order to survive the Covoid crisis, will have to do a combination of lay-offs and redundancies. Position of Sole Traders/Partnerships Sole traders and partners in a partnership are personally liable for their trading debts, including redundancy monies. If…

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Covid-19: Working together with clients and other stakeholders
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

We have established plans and procedures to continue providing a continuity of service to our clients and to other stakeholders that we deal with, particularly employees and creditors of insolvent companies and creditors of personal insolvency cases. Throughout this period, we will remain available to you and fully operational. The only certainty is uncertainty. We…

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