What is an Insolvency Practitioner?

What is an Insolvency Practitioner?

A licensed Insolvency Practitioner (IP) has a wide range of duties about companies that are struggling financially.

In the first instance, an insolvency practitioner can provide company directors with professional advice in pre-insolvency situations to try and rescue a business and keep it on track. At the other end of the spectrum, where a company is insolvent, an IP could be appointed to take complete control of the company before closing it down. 

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