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:
I am not in a position to be able to give the Deputy the reasons businesses have entered SCARP. I have no information in this regard. An insolvency practitioner is called in who makes a determination. The Act sets out the bar companies must reach in order to be able to enter into SCARP. We do not collate data as to why businesses have entered SCARP in the first place or why they have been successful or not successful in terms of the SCARP process, if that is the question the Deputy is asking.
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