About ISIP

ISIP was established in 2004 to create a forum to enhance knowledge and expertise of its members and to allow members to share experiences between those accountants and lawyers in Ireland who specialise in turn-around and insolvency and among practitioners working in the insolvency profession in Ireland.

Between them, members have extensive experience of dealing with matters of:

• personal bankruptcy and insolvency,
• arranging debtor applications under the Bankruptcy Acts,
• corporate insolvency generally,
• informal schemes of arrangement,
• Section 201, Companies Act 1963 debt reorganisations,
• Section 279, Companies Act 1963 debt reorganisations,
• receiverships,
• members’ voluntary winding up of companies,
• creditors’ winding up companies,
• court petitions for winding up of companies,
• court petitions for protection and examinership,
• debt re-negotiation and re-scheduling,

The stated objects are set out in the Constitution as follows:

A Copy of the Constitution can be accessed here.

• To provide a forum for consideration and discussion of the practice and law of insolvency.
• To promote the study and learning of insolvency law and practice, including the holding of seminars.
• The establishment of sources and recommended forms of documents in common usage.
• To liaise with and make recommendations to government and regulatory authorities, in connection with reform and other developments of the law governing insolvency and related practice, and to provide a conduit to bring the concerns of members to the attention of relevant committees of Designated Bodies (as defined).
• To promote best practice in the performance and discharge of the functions of Insolvency Practitioners and to promote the character and standing of Insolvency Practitioners in the business and general community.
• To liaise with similar groups and organisations and those having similar aims.

From a relatively small group in 2004, the numbers have now grown to several hundreds..

When originally established, the name adopted was the Irish Insolvency Practitioners Group, but later the name was changed to The Irish Society of Insolvency Practitioners. The affairs of the Society are governed by an elected Council of not more than nine members, at least three of whom are legal advisers and three of whom, at least, are insolvency practitioners other than legal advisers. Members of the Council are elected for a period of three years, and are eligible for election. The Council meets on a monthly basis.

The current Officers of the Council are:

• Chairman – Barry O'Neill (Eugene F Collins Solicitors)
• Secretary – Julie Murphy-O'Connor (Matheson Ormsby Prentice Solicitors)
• Treasurer – Lorcan O'Connor (Deloitte)

Ordinary members of the Council are:

• Bill Holohan (Holohan Solicitors)
• David Hughes (Ernst & Young)
• Declan Taite (FGS Partnership)
• Nicholas Comyn (Ronan Daly Jermyn Solicitors)
• Paul McCann (Grant Thornton)