Oireachtas Joint and Select Committees

Wednesday, 17 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Insolvency Service of Ireland: Discussion

4:10 pm

Mr. Lorcan O'Connor:

The role of the practitioner is still central in the UK in the same way it will be here, in that they have a statutory duty to carry out various tasks. However, the Deputy is correct that the roadmap is pretty clear in the UK as to what a practitioner needs to do to get creditors to vote for a proposal. I want to get to that point here as well. I do not want to have to go through the full learning curve as was experienced in the UK.