Uncategorized
- June 5, 2020
- Posted by: Jim Stafford
- Category: Business, Uncategorized
Whilst the UK are considering passing legislation to suspend personal liability for directors whilst trading insolvent during the COVID crisis, the ODCE have set out sensible guidelines for Irish directors which, if followed properly, should protect directors from personal liability for trading whilst insolvent during COVID. I set out below the key components of ODCE’s…
- March 27, 2020
- 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:
- March 24, 2020
- Posted by: Tom Murray
- Category: Uncategorized
Is it time for Schemes of Arrangement to step out of Examinerships shadow and provide a cost-effective alternative to formal insolvency for cash strapped SME companies. In the current environment surrounding Covid 19 there is a lot of uncertainty from businesses as to the long-term future viability in a business environment which is increasingly volatile…
- March 24, 2020
- 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…
- March 16, 2020
- 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…