15 and 16 November 2017 - Personal Insolvency Act 2015 and Bankruptcy 2015 Legislation - Two Practical Workshops with CPD hours awarded

PROBLEM DEBT MANAGEMENT

Introduction

  • Participants can choose to register for either one or both workshops.
  • Professional Debt Advisers, QFAs, Accountants, PIPs, Solicitors, Credit Union Staff and Relationship/Account managers/executives who would like to enhance their knowledge of the Personal Insolvency 2012/2015 Acts and Bankruptcy 2015 Legislation, these workshops are relevant for you.
  • Each day is accredited for 4 CPD hours for QFAs*, CPD members* (including Registered Stockbrokers), LCOIs, PIPs, 3 hours for Professional Bankers and Chartered Bankers. Those attending both days will be accredited for 4 CPD hours maximum.

Summary:

Day 1 - 15 November 2017. The first workshop is delivered by Patricia Rickard-Clarke and it will provide a detailed overview of the legislation focusing on the debt solution options under both:

       1. Personal Insolvency Acts 2015,

  • DRN
  • DSA
  • PIA    

       2. Bankruptcy Acts 1988 - 2015

 

​Day 2 - 16 November 2017. The second workshop is delivered by Noel McArdle and it is based on practical case studies. It will apply the knowledge gained from Day 1 (Personal Insolvency Acts,  Bankruptcy Acts) to explain the financial implications from the different stakeholder perspectives (Secured Lender, Unsecured Lender, distressed borrowers etc.) and demonstrate a range of possible solutions under the different options.

  • Reasonable Living Expenses
  • Personal Financial Statement
  • DSA/PIA protocols

Please contact Ken O'Sullivan, Programme Director, to discuss the study options available to you. 

 

Personal Insolvency Act 2015 and Bankruptcy 2015 Legislation practical workshop

 Date

Wednesday 15 November and Thursday 16 November 2017

 Time

9.00am - 5.00pm 

 Presenters 

Day 1 - Patricia Rickard-Clarke, 15 November 2017
Day 2 - Noel McArdle, 16 November 2017

 CPD Hours

These workshops qualify for 4 CPD Hours (see below). 

 Venue

The Institute of Banking, IFSC, 1 North Wall Quay, Dublin 1. Map with directions here

 Fees

€350 for both days or €175 for one day - inclusive of tuition, course materials and refreshments

 Register

Click here to register for Day 1 with Patricia Rickard Clarke - Wednesday, 15 November 2017
Click here to register for Day 2 with Noel McArdle - Thursday, 16 November 2017

If you are not a member or you have forgotten your login details, please contact our customer services team on (01) 611 6500 to register your place.

Please note this course will run subject to adequate student demand.

 

Who would benefit from the workshop?

The workshop is designed for, but is not limited to:

  • Professional personal debt advisors, lawyers and other professionals who are involved with mortgage pre-arrears, arrears and collections;
  • Lender front office staff who are involved with mortgage pre-arrears, arrears and collections
  • Lender back office staff including underwriters, mortgage restructure solutions specialists and other mortgage support staff involved with mortgage pre-arrears, arrears and collections
  • Staff working in firms which provide specialist mortgage arrears and collections support to mortgage lenders (Outsourcing / Insourcing)
  • Credit Union staff
  • Regulatory staff
  • Credit Underwriters
  • Financial professionals managing portfolios of distressed debt for debt owners

Upon completion of the workshop, participants will be able to:

 

Day 1 – Wednesday, 15 November 2017

Patricia Rickard-Clarke

Topics covered

What you will learn

The Role and function of the Insolvency Service of Ireland (ISI).

Understand the structure and functions of the ISI and how to engage with it.

The role of the PIP, authorisation process and regulations applicable.

Understand the role, authorisation process and the Regulations applicable to the PIP including inter alia sections 161 and 173 of the Personal Insolvency Act 2012.

Personal Insolvency Acts 2012 - 2015 to include related and relevant legislation (bankruptcy, and fraudulent conveyancing legislation and the impact of family law, civil partnership and cohabitation legislation).

Comprehensive knowledge of the provisions of the Personal Insolvency legislation.

Understand how other relevant legislation interacts with the Personal Insolvency Acts.

Role of the Courts in the personal insolvency process to include review procedures of proposed PIAs rejected at creditors’ meeting. 

Understand the role of the Courts in the Personal Insolvency process and the need to get it right first time.

Settlement Arrangements Conditions and Procedures for:

DRN
DSA
PIA
Bankruptcy

Understand and be able to compare and contrast the different debt relief processes including bankruptcy and recommend the most suitable one for a Debtor.

Understand the procedures for each arrangement, be able to implement and manage the procedures for each arrangement once approved.

Communicating with the different parties. How to communicate the relief options to debtors. Required documentation. Letter of Engagement.

Effectively explain to the debtor, the procedures, terminology and impact of debt relief process.

How to organise creditors meetings, notice periods, proxies etc.

Engage and negotiate effectively with creditors and manage creditors meetings.

The role of the Office of the Official Assignee in Bankruptcy.

Understand the role of the Official Assignee in bankruptcy.

Legislation affecting the family home, including Mortgage Arrears process.

Understand the requirements of the Code of Conduct on Mortgage Arrears.

Dealing with divorce/separation.

Be capable of handling divorce/separation circumstances and issues.

 

Day 2 – Thursday, 16 November 2016

Noel McArdle

Topics covered

What you will learn

The psychology of debt and negotiating in the debt restructuring context

Understand the:

- impact of too much debt on the individual
- how individuals react to financial loss and gain
- the negotiation challenges

Reasonable Living Expenses (RLE)

RLE represent a significant change in the credit risk landscape. They are becoming a standard. This workshop covers understanding and implementing the guidelines on Reasonable Living Expenses

Personal Financial Statement

Understand its:

- Central role and uses
- ​Key parts and terms

Debt Settlement Arrangement and Personal Insolvency Arrangement Protocols

Debt Settlement Arrangement and Personal Insolvency Arrangement Protocols have been agreed by the key stakeholders. We will discuss these, in particular how they are streamlining the application process for these insolvency arrangements.

Insolvency Service of Ireland reports

We will review recent reports to get an overview of how the new insolvency arrangements are developing.

Practical workshops on ISI case studies  and other  IoB case studies.
A range of cases studies will be used to cover common scenarios.

The work shop will be interactive and give attendees:

- An opportunity to see debt solutions in action;
- Begin to appreciate the areas of subjectivity requiring expert judgement;
- Understand that there a number of options in each case study;
- Understand the drivers of differing financial outcomes;
- Appreciate the impact of the priorities among classes of creditor;
- See the dynamics of creditor voting in action.

 

Lecturers

Patricia Rickard-Clarke:

Patricia Rickard-Clarke is a solicitor. In 2012 she retired as a Commissioner of the Law Reform Commission and was the lead Commissioner with regard to the Commission’s work on Personal Debt Management and Debt Enforcement. She was a member of the Mortgage Arrears and Personal Debt Group (Cooney) appointed by the Minister for Finance in 2010 and currently chairs one of the appeals panels for tracker mortgages. As a practicing solicitor she was a Partner in McCann FitzGerald Solicitors. She is Chair of the National Safeguarding Committee, Chair of National Advisory Committee of Sage (Support and Advocacy Service) and Chair of the Law Society’s Mental Health and Capacity Task Force. She  is a member of the HSE’s National Assisted Decision-Making (Capacity) Act Steering Group and a member of the National Disability Authority’s Expert Group in respect of the Assisted Decision-Making (Capacity) Act 2015.

Patricia Rickard Clarke.jpg

 

Noel McArdle:

Noel McArdle is a lecturer in banking with a strong background in credit and lending. He is a fellow if the Institute of Banking. He holds a BComm from UCD. He is an FCCA and a QFA. He has lectured for the Institute of Banking on its Lending and Credit Professional programmes for over 30 years. He has contributed to course design and co-authored lending and credit texts used by the Institute on some of its programmes. He worked for Ulster Bank Group and up until the end of 2012. He has considerable commercial experience in structuring and restructuring borrowings and in dealing with the needs of borrowers in differing financial circumstances. He is a senior credit reviewer for the Credit Review Office.

He has a keen interest in people and their financial needs as well as the theory of lending and credit. He has lectured to different financial businesses and groups on personal and business lending and in the delivery of continuous professional development programmes for financial professionals.

Noel McArdle.jpg

CPD Hours

Each day is accredited for 4 CPD hours for QFAs*, CPD members* (including Registered Stockbrokers), LCOIs, PIPs, 3 hours for Professional Bankers and Chartered Bankers.
Those attending both days will be accredited for 4 CPD hours maximum.

*Relevant to categories of retail financial products:

1. Life Assurance
2. Pensions
3. Savings and Investments
7. Housing Loans, Home Reversion Agreements and Associated Insurances
8. Consumer Credit Agreements and Associated Insurances
    Debt Management Services

Register

Click here to register for Day 1 with Patricia Rickard Clarke - Wednesday, 15 November 2017
Click here to register for Day 2 with Noel McArdle - Thursday, 16 November 2017

If you are not a member or you have forgotten your login details, please contact our customer services team on (01) 611 6500 to register your place.

Please note this course will run subject to adequate student demand.

Please see event Terms and Conditions