Insolvency

Find Licensed Insolvency Practitioner

How Hard Is It to Find a Licensed Insolvency Practitioner in the United Kingdom?

For any company or personal insolvency procedure or for the closing of a solvent business in the United Kingdom, it must be handled by a licensed insolvency practitioner (IP). But finding one that is able to handle your situation and that you can work with is another matter. However, there are several sources you can …

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Difference Between Insolvency and Bankruptcy

Is There a Difference Between Insolvency and Bankruptcy?

There is a mistaken belief that insolvency and bankruptcy mean the same thing. However, whilst the terms do have similarities, there are several distinct differences between the two. First and foremost, insolvency is the financial state of a company or an individual, whereas bankruptcy is the legal procedure when an individual has been declared insolvent. …

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Reliable Insolvency Company

How to Overcome Financial Loss Issues with a Reliable Insolvency Company

Businesses in the UK are battling the onset of the Omicron coronavirus variant which threatens recovery across the UK, due to the re-introduction of restrictions, and may be a cross too much to bear for many. Insolvency has been knocking on the door throughout the past couple of years but closing the business doesn’t always …

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Individual Voluntary Arrangements

Individual Voluntary Arrangements – Selling Assets to Pay Off or Clear Debts

If you have debts, chances are you are now being chased by your creditors for payment.  If you are considered insolvent and unable to pay your debts, it may well be worth considering an Individual Voluntary Arrangement (IVA).  Of course, if you own any assets of significant value, you may be able to sell those …

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Insolvency Practitioner

Why Should You Seek the Services of an Insolvency Practitioner? 

A licensed insolvency practitioner, or IP, is a legal professional that is qualified and registered to act on behalf of a company, partnership or individual that is insolvent, or for a solvent company or partnership that wants to cease trading and close down.   They act on behalf of a company or an individual in an insolvency …

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Redundancy Claims Team

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 the title, an IP isn’t there to handle company insolvency liquidations, such as Creditors Voluntary Liquidation (CVL), Company Voluntary Arrangements (CVA) or Compulsory Liquidation. They are also there to help …

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