Covid - 19 Banking and Debt Recovery Plan


Quintas is here to support and navigate you on the path to recovery


In these uncertain times it is crucial that businesses and individuals  have a strategy and recovery plan in place as many businesses, who in the not so distant past were in a healthy position, are now experiencing cash flow problems. Many of these businesses will need to put a recovery and restructuring plan in place including significant creditor forbearance or direct assistance from the Government to bridge the gap in their businesses finances.


The first step we strongly encourage you to take is to seek professional advice to plot and chart a business recovery plan. We in the Quintas Banking and Insolvency team have for the last 15 years assisted hundreds of individuals and businesses restructure and settle unsustainable debt.


Quintas have the same experienced and battle-hardened team in place since the last crisis in 2008. Our team have the experience, technical skills, knowledge and people in place to deal with any problem that needs to be solved, no matter the scale or type of debt involved.


Given the Covid - 19 crisis we are currently assisting our clients to set out clear financial plans for their recovery to allow them to reopen their business in the next few weeks or months as Government restrictions are eased. This includes assisting our client’s source working capital loans and to avail of the various business supports and grants that have been put in place by the Government in response to the current crisis.


In cases where borrowers are not in a position to reopen their business or their financial circumstances have changed dramatically, we are also assisting clients to restructure their debt with their creditors.


We have listed below some of the areas we are currently focusing on for our clients:

  • Negotiating with Link Asset Services in relation to the settlement of debt with Everyday Finance;
  • Assisting companies apply for the SBCI Covid-19 Working Capital Loan Scheme. These are Government backed loans up to € 1.5m, including unsecured working capital loans up to € 500,000 with a maximum interest rate of 4%;

  • Liaising with Revenue, landlords and other large creditors in relation to agreeing payment plans for debts accrued during Covid-19;
  • Assisting businesses and individuals restructure their debts with all the main banks and investment/vulture funds;
  • Completing Personal Insolvency and Bankruptcy Applications for individuals with unsustainable debts due to the Covid-19 crisis or due to a business failure
  • Liquidations and Examinerships for Limited companies,
  • Assisting with applications for the various grants and vouchers put in place by the Government


Given these uncertain times putting in place a clear strategy for recovery is key to protect your business and now is the time to seek professional advice before it’s too late.


If your business is currently in distress due to the recent crisis we can assist you with a recovery plan or if your business is currently healthy and you have concerns about the financial risks as the economy slowly begins to re open, we can assist you with putting in place a series of contingency plans.


Please contact us today to find out more about how we can help you and your business recover from the Covid-19 crisis.




Mark Ryan & Tim McCarthy




Mark has extensive experience in financial planning, restructuring and business advisory services. Mark was one of the 1st Personal Insolvency Practitioners (PIPs) authorised by the Insolvency Service of Ireland (ISI) in August 2013. He has assisted hundreds of people avail of this new legislation to resolve their debts and make a fresh start with their lives.

Email: / 0872996356


Tim leads the Corporate Finance & Advisory department. This department offers a bespoke service of personal attention to its clients including banking, corporate restructures, mergers and acquisitions, strategic business planning and advice on management and growth. Tim advises his clients around succession planning, shareholder agreements, estate planning, key executive appointments, finance options both mainstream and through private equity structures.

Email: / 0862538661