Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Small Companies Administrative Rescue Process: Discussion

Ms Fiona O'Dea:

Not all rescue plans or those who enter SCARP will be successful. There are a variety of reasons the process might not be successful. My understanding is that in some instances no external investment could be sourced, the directors might disagree with the conditions for the external investment or the creditor threshold for voting in favour of the plan was not met.

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