In the UK licensed insolvency trustees are usually accountants and solicitors and I understand that the plan is to restrict it to them.
That is fair enough from a quality point of view, but as partners in accountancy firms are paid €375 per hour, it could be a very expensive process.
Some people have set up in Ireland as liquidators without any qualification, and there is a danger that this could also be the outcome.
Many liquidators, especially of small companies, realise only sufficient assets to cover their fees. There is little or nothing left for the creditors.
Brendan