An Overview of Insolvency Practitioner Services in the UK
As of 2021, there are around 1,600 licensed insolvency practitioners (IPs) in the UK; that doesn’t include the thousands of support staff in the background
How to Liquidate a Company and Can I Do It Myself?
Whether a company is solvent or insolvent, it is not possible to liquidate a company yourself. Any company liquidation must be handled by a licensed
How Long Does a Members Voluntary Liquidation Process Take?
In some situations, the directors of a solvent limited company may want to close the business. For example, it may be for tax reasons, the
What is a Licensed Insolvency Practitioner in the UK?
In the UK, a licensed insolvency practitioner, or IP, is a legal professional qualified to act on behalf of a company, partnership or individual that
Creditors Voluntary Liquidation Process
When a company becomes insolvent and directors wish to close the business, they can enter into what is called a Creditors Voluntary Liquidation (CVL) process.
What is the Voluntary Administration Process?
Voluntary administration is an alternative to liquidation when winding up an insolvent company. It is used to protect the company from any legal action by
What is the Role and Purpose of Voluntary Solvent Liquidation?
When a company goes into liquidation, it’s not always because of insolvency. There are times when a solvent company opts for liquidation on a voluntary
What is a Creditors’ Liquidation Meeting and What Does it Mean for your Business?
With any voluntary or compulsory liquidation process for an insolvent company that’s being chased by creditors, the liquidator will call a creditors’ meeting. Once it
What is a Members Voluntary Liquidation Process and How Can it Help?
Should a solvent limited company wish to liquidate for whatever reason, there is a specific procedure to follow, and that’s a Members Voluntary Liquidation (MVL).
What is a Licensed Insolvency Practitioner and What are Their Duties?
For any company struggling with debt or facing insolvency, bankruptcy or administration, the first port of call is a licensed insolvency practitioner, or IP. Despite
