We are currently in one of the most difficult and unpredictable financial climates that businesses have ever had to endure, and the fear of insolvency is very real. However, making the decision to talk about the problem is one that is often feared by many directors and business owners! We recognise that our profession is often seen as all doom and gloom and people find the prospect of speaking to an insolvency practitioner daunting. However, …
We realise that people find the thought of speaking to an Insolvency Practitioner (IP) very daunting as they have a pre-conception that IPs are the last resort, the end of the line assisting only with liquidation or bankruptcy. IPs are highly qualified and strictly regulated, they have years of experience providing professional advice on all matters relating to insolvency, for businesses who cannot keep up with their financial commitments. Using an IP does not necessarily …
An Insolvency Practitioner, also known as an IP, is someone licensed and authorised to act on behalf of and provide advice to companies, organisations and individuals when they are facing financial difficulties. Licensed IP’s can advise on all formal insolvency procedures including liquidations, company voluntary arrangements, administrations, receivership’s, bankruptcy and individual voluntary arrangements. In order to become a licensed insolvency practitioner, an individual must pass the Joint Insolvency Examination Board (JIEB) set of examinations and …