What Does an Insolvency Practitioner Do?
We often find that directors are not always familiar with what an Insolvency Practitioner can do. As Insolvency Practitioners (IP’s) we are licensed professionals who help individuals/directors navigate financial difficulty — or wind up a solvent company correctly.
Our role includes:
- Advising directors on the most appropriate insolvency process
- Take control of a company during administration or restructuring
- Protect creditors’ interests and ensure the process is fair and compliant
- Handling legal filings, asset realisation, and distributions
- Investigate directors’ conduct in the period prior to insolvency
- Liaising with HMRC, creditors, and shareholders
- Helping directors understand and comply with their legal duties
Whether a business is facing financial distress or ceasing to trade and winding up of a solvent liquidation, we will ensure the process is handled professionally, transparently, and complies with statute.
Speaking to us early can help individuals/directors understand the various options, reduce risk, and achieve the best possible outcome.