When a company is facing financial difficulties, the director may choose to appoint an Insolvency Practitioner to manage the process of restructuring or winding up the company. One question that often arises is, who pays the Insolvency Practitioner’s fees? In this blog post, we will discuss the responsibilities of the company, the Insolvency Practitioner, and […]
What is the Insolvency Practitioners Association (IPA)?
As a company director, you may have come across a regulatory body called the Insolvency Practitioners Association (IPA) but may not be clear on what it actually is and how it operates. In this blog post, we will provide a clear understanding of the Insolvency Practitioners Association and its role in the world of insolvency. […]
Understanding Insolvency Practitioners: A Comprehensive Guide for CEOs and Managing Directors
As a company director, you may be aware of insolvency practitioners but might not fully understand their role. An insolvency practitioner is a licensed and regulated professional who provides specialist advice and services to individuals, companies, and their creditors during financial distress. In this blog post, we’ll be exploring what an insolvency practitioner does, how […]