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ISME focus on debt restructuring

ISME, the Irish Small & Medium Enterprises Association, has launched its nationwide SME Debt Restructuring seminars to be held in early September.

The association has called on the Irish banks to remember that the reason for the taxpayer bailing them out was so that they in turn would be in a better position to assist vulnerable SMEs to trade profitably again.

The free seminar for businesses in the Mid-West will be held in the Strand Hotel, Limerick on Thursday, September 4.

At the launch the ISME CEO, Mark Fielding stated, “While the scale of the issues and the competing nature of the demands in terms of personal debts, personal investments and business needs have resulted in some paralysis, SMEs are negotiating solutions with their banks and coming out of the process with integrated and well thought out evaluations and plans to allow them continue to trade”.

“The purpose of the seminars is to demonstrate to business owners that despite the severe pressure on them from banks and creditors, there is a way out of the problems. The experts presenting at the ISME seminars have years of experience in dealing with SME restructuring and dealing with banks.”

Attendees will given be an overview commentary of the prevailing bank climate and policy restructuring drivers across all lending institutions, prime debt restructuring issues, settlement criteria and a summary of current bank policy position, including an analysis of SME case studies.

The seminars are free to attend, however places are limited and booking is essential
through www.isme.ie.

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