Expressions of Interest for Membership of the Debt Solutions Protocol Oversight Committee at the Insolvency Service of Ireland
The ISI is currently seeking expressions of interest from suitably qualified persons to expand the membership of the Debt Solutions Protocol Oversight Committee.
Background
The Debt Solutions Protocol Oversight Committee (“Committee”) was established in July 2015 to monitor how the respective protocols for Debt Settlement Arrangements (DSAs) and Personal Insolvency Arrangements (PIAs) are working in practice. The Committee which meets periodically is made up of creditors and creditor representatives, personal insolvency practitioners (PIPs), PIP representatives, consumer and debtor representatives and the ISI itself. This Committee was established following the development of Protocols for both DSAs and PIAs through the Debt Solutions Protocol Steering Group.
Why get involved?
Through the steering group and subsequently the Committee, stakeholders, working in collaboration have impacted positively on both the DSA and PIA processes for the benefit of all. In more recent times there have been changes to the economic landscape and to the nature of the stakeholders involved (i.e. the increasing involvement of investment funds and credit servicing firms), in addition to the ongoing evolution in insolvency practice. It is therefore considered timely to seek expressions of interest from other suitably qualified and relevant persons/organisations to expand membership of the Committee.
How to get involved
The ISI will consider the expressions of interest it receives from those wishing to participate on the Committee and will select and invite representatives from practitioners, creditors, debtors and others. Candidates for the Committee should have relevant knowledge of and experience in personal indebtedness and insolvency. The Committee will act to both monitor the Protocols and suggest and agree amendments to the Protocols and may establish working groups to progress discrete work streams where considered necessary.
To take this opportunity to engage and contribute, please express your interest by completing and submitting the expression of interest form to protocol@isi.gov.ie by close of business on 01 November 2018.
The ISI reserves the right to invite individuals who did not submit an expression of interest to join the Debt Solutions Protocol Oversight Committee at its discretion.
