Meet the team
Cormac specialises in advising Individuals and companies in financial distress providing statutory and practical turnaround solutions. He is a joint founder member of Debtsolv.
He is a Personal Insolvency Practitioner (PIP) regulated by the Insolvency service of Ireland. He holds a Certificate in Personal Insolvency from the Chartered Accountants in Ireland and a Diploma in Corporate Insolvency from the Law Society of Ireland.
With the Debtsolv team Cormac as PIP has been successful in obtaining a number of protective certificates to date and achieving sustainable debt resolutions on behalf of a broad range of clients.
He is managing partner of FM Accountants & Business Advisors, a qualified practising Accountant who holds an MBA. specialising in Auditing, Tax and Insolvency options including Bank debt restructuring.
He has significant commercial and business experience with a proven track record in Business Strategy, Operations and financial management.
With over thirty years experience in financial services Paddy is a joint founder member of DebtSolv. From a marketing and banking background he see’s personal debt re-structuring as the most important part in the re-establishing of a solid Irish economy.
“One of our first initiatives is to create the understanding that debt resolution is simply a necessary part of banking and financial services in any modern credit based economy. Not every loan goes according to plan whether for an individual, a business or even a country and in Ireland we certainly know something of the latter. It is our function to help banks and individual consumers rebuild their relationships and so provide a platform for a sustainable financial future for us all.”
He stresses that dialogue regarding personal debt is of crucial importance and that those who need advice should seek it rather than ‘bottling it all up’. “There have been too many casualties already, from suicides to broken homes and the real tragedy is that most financial difficulties can be easily solved.”
Siobhan is Head of Administration and is responsible for the smooth passage of all debt re-structure proposals to final adopted and agreed arrangements.
Siobhan has over fifteen years legal and financial services experience which is the perfect background for this new and challenging industry. Her in-depth knowledge of banks loan processing procedures is invaluable when comes to financial re-structuring.
Very highly regarded in the mortgage business Siobhan is well known as a ‘people person’ who delivers the best outcome for her clients in a friendly efficient manner.