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Websites & Apps to help you keep your focus

27/10/2021

The apps below use some or all features of the Pomodoro technique. The Pomodoro technique wants you to work focused in short timeboxed periods. By keeping your focus and not making mental context switches, you get more work done in less time.

The basic steps are:

Decide what task to work on
Start the timer and work for 25 minutes with full focus
Take a short break (3-5 minutes)
Work another 25 minutes before taking a new break, and so on
Every four Pomodoro take a longer break (15-30 minutes)

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SCARP - The new, more efficient restructuring process for SME’s

21/10/2021

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The Government have approved the publication of the Companies (Rescue Process for Small and Micro Companies) Act 2021. The Act amends the Companies Act 2014 to provide for a new Small Company Administrative Rescue Process (SCARP) that mirrors key elements of existing examinership framework in an administrative context.

THE PROCESS

APPOINTMENT OF INSOLVENCY PRACTITIONER
An insolvency practitioner is appointed to formulate a rescue plan to provide each creditor with a better outcome than liquidation within 6 weeks of his/her appointment.
EXCLUDABLE CREDITORS
Insolvency practitioner identifies excludable creditors and served notice to them that the process is intending to compromise their debt.
CREDITORS VOTE
Creditors vote on the 3 rescue plan by day 49 of the insolvency practitioner appointment.
THE DECISION
The rescue plan will be 60% in number and value approved provided that of an impaired class of creditors vote in favour of the proposal, and no creditors raise objections within the 21 day cooling off period.
AN OBJECTION
If an objection is made, the company must seek the courts approval, to safeguard creditors.
FINAL APPROVAL
The Court must be satisfied that the rescue plan is fair, equitable and does not unfairly prejudice any objecting creditors. If this is proven, the Court will approve the rescue plan.