Lorcan is a Chartered Accountant and Director (CEO) of the Insolvency Service of Ireland (ISI). The ISI is the independent statutory body responsible for the administration of bankruptcies and newly introduced alternatives to bankruptcy in Ireland. It also regulates personal insolvency practitioners.
Lorcan has almost 20 years experience in the areas of corporate and personal insolvency. Prior to taking up his current role in 2012, Lorcan was a Director in Deloitte Restructuring Services. He led numerous corporate Receiverships, Examinerships and Liquidations in all major sectors, including cross border assignments.
In 2004, Lorcan was a founding member of the Irish Society of Insolvency Practitioners (ISIP) and was a former Council member and Treasurer of the Society. ISIP was established to create a forum to enhance knowledge and expertise of its members and to allow members to share experiences between those accountants and lawyers in Ireland who specialise in turn-around and insolvency and among practitioners working in the insolvency profession in Ireland.
Lorcan oversaw the establishment of the ISI and the operational planning linked to the introduction of modernised personal insolvency legislation. The recent changes include a reduced bankruptcy term of 1 year and the introduction of new non-bankruptcy solutions which include solutions for secured debt.