Oireachtas Joint and Select Committees

Wednesday, 17 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Insolvency Service of Ireland: Discussion

3:40 pm

Mr. Lorcan O'Connor:

I agree with Deputy Regina Doherty that the ability to deal with someone in a difficult situation is an extremely important skill. It is more of an intangible quality than some of the other qualities for which one would look. I have ensured that is the case in terms of what people with that kind of knowledge have imparted to those attending the courses and what it is that they need to bear in mind in the process.

As for those working on the corporate insolvency side up until now, I cannot suggest for a moment that it is identical in terms of the matters they might face, but on the corporate side, for example, one deals with employees who might be losing their jobs and directors of companies where the company has been in the family for a number of generations or where people have put a lot of their own personal family interests into the business. Thus, there is some experience involved in terms of dealing with unfortunate situations.