insolvency law and practice

What’s the Purpose of Insolvency and Bankruptcy Law?

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 – the allocation of risk in a predictable, equitable and transparent manner, and to …

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Insolvency Practitioner and Business Recovery Professionals

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 …

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Steps Involved in Winding Up a Company

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 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 …

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