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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. […]
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 […]
It is challenging to estimate precisely how long the insolvency process will take as it depends on multiple factors, including the type of insolvency process, company size, complexity of the case, stakeholder cooperation, and court decisions. Insolvency Guide for Company Directors Navigating insolvency can be a daunting experience. It not only entails financial loss and […]
As a company director, it is essential to know what happens to your company’s assets during the liquidation process. Liquidation is a process of selling off all company assets to pay off debtors or creditors. The process can either be voluntary or involuntary, and it is usually initiated when a company can no longer pay […]
There are normally between 1,500 and 2,000 company voluntary liquidations each month, and it is a sad reality that many directors will find themselves needing to do this at some point. To most this will be an unknown process and the task of taking a company into liquidation can seem overwhelming, especially if directors are […]
Choosing a liquidator for your company is not an easy decision. This person will be responsible for the financial and legal aspects of winding up your business, so you need to make sure you choose the right person for the job. In this blog, we’ll discuss the questions you need to ask when appointing a […]
Liquidating a company is a daunting task, filled with numerous legal and financial obligations that require careful consideration and planning. As a director, it is your responsibility to make sure that any actions prior to liquidation are carried out in accordance with the law and all stakeholders are protected. In this blog, we will explore […]
The financial state of a company can change at any given moment, leaving company directors seeking critical advice and guidance. Insolvency professionals are experts that can provide support during times of financial instability. They take an independent, objective view of a company’s financial affairs, and can help directors from a range of industries to navigate […]
Liquidation is not something any company director wants to deal with. It can be a tough decision to make, but it is one that may be necessary to close your company and overcome financial difficulties. There are steps that company directors can take to prepare for liquidation and minimise the risks associated with it. In […]
As a company director, the decision to liquidate your business can be a difficult one. It can be a stressful and emotional process, but it can also be necessary to ensure that the company’s debts are paid off and its assets are distributed fairly. In this blog post, we will provide a comprehensive guide on […]
