Different countries worldwide have their own insolvency and bankruptcy law but they don’t differ that much from the UK’s legal rules in respect of insolvency and bankruptcy. The two principal objectives of insolvency and bankruptcy law are shared by most countries – (1) the allocation of risk in a predictable, equitable and transparent manner, and …
What’s the Purpose of Insolvency and Bankruptcy Law? Read More »
Currently, there are approximately 1,600 licensed insolvency practitioners (IPs) licensed and registered in the UK. The majority of IPs work for legal or accountancy firms, or for a dedicated business recovery and insolvency practice. The role of an insolvency practitioner involves more than just liquidating solvent and insolvent companies. They are also very much involved …
Insolvency Practitioner and Business Recovery Professionals Read More »
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 that help every single one of the UK’s IP in providing comprehensive, professional and highly-experienced insolvency practitioner services for businesses and individuals across the country. But what is involved in …
An Overview of Insolvency Practitioner Services in the UK Read More »
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 is insolvent, or for a solvent company or partnership that is closing down. In most cases, the IP has a background in law, accountancy or as a solicitor. They must …
What is a Licensed Insolvency Practitioner in the UK? Read More »
Opting to close a company is not a decision many directors take lightly, even if it is a solvent company without any debts. There are many reasons why a company may be closing including retirement, restructuring or going back to being a sole trader. If it’s a solvent company or if insolvent, the options are …
If your company is struggling financially and you’re not sure which direction to go, contact us to discuss your situation confidentially with one of our licensed insolvency practitioners.
If your company is struggling with a high level of debt and is in need of corporate recovery services, our team of professional, licensed insolvency practitioners at Simple Liquidation are available to discuss your circumstances and advise on the best way forward.
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