Introduction to insolvency
Wednesday 8th November 2017

A one day training event from IRRV Scotland

Leapark Hotel, Grangemouth

Wednesday 8th November

Valid for IRRV CPD Points



Course background

This course will introduce you to the various insolvency processes available in Scotland.

Whether the debtor is an individual or company; choosing to enter insolvency or being forced into formal insolvency by a creditor, it will look at the impact of insolvency; the effects of the procedures and the differences between them.

Specifically it will look at the impact of formal insolvency on local government claims and what you can expect from dealing with an Insolvency Practitioner in practice.

The course is designed to be participative and to equip you with knowledge you can apply in your day-to-day role. It will be fully up to date for all legislative changes in force on the date of the course.


10:00 Introduction
What is insolvency? Ranking of claims generally

10:30 Pre-insolvency requirements
Moratorium on diligence
Mandatory money advice for debtors Common financial statement
Debtor contribution order

11:30 Coffee

11:45 Sequestration
Overview of sequestration
Who can be sequestrated? Who can sequestrate?
Effects of sequestration on debtor: compliance and discharge Effects of sequestration on creditors: remedies and rights

13:00 Lunch

13:45 Overview of protected trust deed (PTD)
Who can sign a trust deed and why?
Effects of PTD on debtor: rights and obligations Effects of PTD on creditors: remedies and rights

15:00 Tea

15:15 Business DAS DAS update

16:00 Close

Seminar Leader : About Eileen Maclean, Director of Insolvency Support Services Limited

Eileen is a licensed insolvency practitioner with 27 years’ experience of all aspects of corporate and personal insolvency. A member of the IPA and R3, Eileen represented Scotland on R3’s National Council for six years until 2009. She has been an active member of R3’s Scottish Technical Committee since 2003, and now sits on the IPA’s Professional Guidance and Ethics and Personal Insolvency Committee.

In 2009 Eileen co-founded Insolvency Support Services Limited. ISS provides volume support and outsourcing services to the Scottish Government, Big 4, medium and smaller practices including case progression and closure, back office support and compliance reviews. Eileen specialises in complex issues and dispute resolution.

Eileen is widely recognised as the foremost trainer of insolvency in Scotland and through ISS Training trains students of insolvency at all levels and provides tailored training for IPs, solicitors and banks.

This professional meeting represents excellent value for money, with delegate fees starting at only £125 + VAT. This includes lunch, refreshments, and training materials. The course starts at 10am (registration from 9.30am) with a finish time of around 4pm.

As places are limited, early booking is recommended. The IRRV regrets that, under normal circumstances, delegate fees cannot be refunded. However, delegate substitutions may be made at no cost at any time prior to the event, subject to these being notified to the Institute.


Every fourth place from the same organisation booked for the course in this brochure (and made in the same booking) is entirely free of charge. Please note that, due to the demand for places, this offer applies only to the course detailed on the booking form on this brochure and applies to the lowest cost place.


Any queries?
If you have any queries, please contact

Fraser Macpherson,
IRRV Development Manager,
2A Argyle Street,

Telephone/Fax – 01382 456029
email -