The upcoming implementation of the Personal Insolvency laws in Ireland is going to create new work for insolvency practitioners. Many financial firms will be trying to get in on the act (pardon the pun) and make some money out of other people’s debt problems.
Deloitte intends to act as a Personal Insolvency Practitioner and is setting up a new team to provide this service. They recently advertised a vacancy for a Personal Insolvency Manage
They said that it was ” a once-off opportunity to become involved, at a senior level, in a dynamic start up, entering a newly created market with huge growth potential.”
The Principal Duties & Responsibilities would be :
·Playing a key role in the setting up of all aspects of Deloitte’s Personal Insolvency Department.
·Managing a team focused on negotiating, implementing & monitoring of Debt Settlement Arrangements and Personal Insolvency Arrangements.
·Playing a key role in the business development & marketing of the Personal Insolvency Department.
They are looking for people with significant skills & experience managing and implementing UK-based Individual Voluntary Arrangements (IVAs) .
There will probably be several other job openings for experienced insolvency practitioners in Ireland in the coming weeks and months.
Alan Shatter T.D, Minister for Justice, Equality and Defence, has announced the commencement of recruitment of some of the specialist staff required by the Insolvency Service of Ireland (ISI).
U up to 80 staff, including some specialist staff, may be required initially for the Service itself. It is expected that they will be mainly sourced through redeployment from other areas within the public service.
Arrangements are also being made for the transfer of the functions, in regard to the administration of bankruptcy currently carried out by the Courts Service to the new Insolvency Service.
A number of specialist staff will be required, on either short and long-term contracts. To start this process, and to ensure that the Service will be in a position to discharge its functions early in 2013, the Government has agreed that a recruitment process for a number of accountants and an in-house solicitor, should commence immediately.
Where suitable staff cannot be sourced from redeployment from across the public sector, they will be recruited through an open process organised by the Public Appointments Service.
Considerable emphasis is being placed on developing the Information and Communications Technology aspects of the new Service, with priority attention being devoted to the design and development of the necessary case management, financial management and management information systems. The process of identifying and securing an appropriate office premises for the new Service is also underway.
Minister Shatter said ““I am keen that the new Insolvency Service will be in a position to open for business as soon as possible after the necessary legislation is passed by the Oireachtas. This approval by Government of the staffing resources necessary is a key step and I look forward to speedy progress over the coming months.”