Rising interest rates and patchy post-pandemic demand are driving more Irish companies into difficult territory.
When the balance sheet tips, four statutory routes exist: examinership, the Small Company Administrative Rescue Process (SCARP), liquidation and receivership. Each route triggers a different playbook for owners, lenders and employees, yet the boundaries overlap. Choosing well and choosing early decides whether a firm re-emerges or disappears.
Shane Harron, partner, Restructuring, Insolvency and Commercial Litigation, Dillon Eustace, sketches the purpose of examinership: “Examinership is a rescue mechanism for companies in financial distress that meet certain criteria. It is generally…