Long Title:Personal Debt Restructure
Module Code:H8PDR
Credits: 5
NFQ Level:LEVEL 8
Field of Study: Finance, banking, insurance
Module Delivered in 2 programme(s)
Module Coordinator: JONATHAN BRITTAIN
Module editor: Jessica Mullen
Module Description: Enable learners to develop an enhanced understanding of debt restructuring and the range of approaches open to personal borrowers to manage debt. Appraise learners of current insolvency legislation and the potential impact it has on personal finance and debt restructuring. Equip learners with the necessary skills to be able identify a client’s debt restructuring needs whilst also understanding the client’s behaviour and the changes required to ensure that the client addresses both the financial and behavioural reasons for their current challenges
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Comprehensively understand and assess the elements associated with personal debt restructuring
LO2 Evaluate the options available for ‘challenged’ borrowers (eg. Debt Restructuring vs Personal Insolvency vs Bankruptcy) as provided for in personal insolvency legislation
LO3 Identify when debt restructuring is the correct solution to personal financial problems and apply this knowledge through the use of case studies.
LO4 Construct realistic detailed personal debt restructuring plans.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 

Module Content & Assessment

Indicative Content
Objectives of Debt Restructuring
• Why restructuring works and when it won’t • How to restructure debt and how not to • What can be restructured and what can’t
Statement of Affairs
• ‘Personal Balance Sheet’ - Assets & Liabilities; • Income & Expenditure Statement • Cash-flow Statements
Personal Insolvency Legislation (Personal Insolvency Bill 2012)
• 3 New Non-Judicial Debt resolution Processes: o Debt Relief Notices (DRN) o Debt Settlement Arrangements o Personal Insolvency Arrangements • Consider the legal’s, the practicalities and the reality of Personal Insolvency
Personal Insolvency Guidelines
• eg. household expenses, business expenses guidelines for debtors, etc (yet to be fully established) • MABS and their role
Assessment of Creditors & Credit Arrangements
• Review various credit arrangements • Understand different types of creditors • Recourse & non-recourse Loans • Valuing assets to borrowing and borrowing to assets
Secured versus Unsecured Debt
• Review difference between secured and unsecured debt • Assess the real value of security • Assess the impact of the covenants in loan agreements, particularly personal guarantees
Creating a Debt Restructuring Plan
• Projecting the future • Designing a plan • Getting ‘buy-in’ from the borrower • Getting ‘buy-in’ from the lenders • Implementing the plan
Negotiating Agreements
• Investigate the various Institutions approach • Assess Institutions tolerance for, and approach towards, re-structure
Dealing with the ‘client’ Behaviour – Financial/Personal
• ‘Reading the signs’ • Examining financial transactions • Behaviour modification – life after re-structuring/Insolvency
Personal Insolvency Implementation Service
n/a
Assessment Breakdown%
Coursework40.00%
End of Module Assessment60.00%
Special Regulation
Students must attempt all elements

Full Time

Coursework
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Assignment Learners will be given a client profile and be required to conduct a full assessment of that client’s situation. The assessment will require learners to provide a detailed analysis of the process undertaken and a detailed rationale for the action recommended, together with any limitations, risks and tax implications that apply to these recommendations. 1,2,3,4 40.00 n/a
End of Module Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Terminal Exam End-of-Semester Final Examination 1,2,3,4 60.00 End-of-Semester
No Workplace Assessment
Reassessment Requirement
Repeat failed items
The student must repeat any item failed

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

This module has no Full Time workload.
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 24 Per 15 week block 1.60
Tutorial No Description 12 Per 15 week block 0.80
Assignment No Description 30 Per 15 week block 2.00
Independent Learning No Description 59 Per 15 week block 3.93
Total Hours 125.00
Total Weekly Learner Workload 8.33
Total Weekly Contact Hours 2.40
 

Module Resources

This module does not have any book resources
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CPIP Certificate in Personal Insolvency Practice 1 Core Subject
DPFP Diploma in Personal Financial Planning 2 Optional