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Who Foots the Bill for an Insolvency Practitioner?

Who Foots the Bill for an Insolvency Practitioner?

by Margo McLenan | Feb 5, 2024 | Insolvency Advice, Insolvency Practitioner, Latest News

The field of insolvency, particularly in Scotland, is shrouded in complexities. One frequent question revolves around the remuneration of Insolvency Practitioners (IPs). Who pays them, and how does the process work? This article aims to demystify the subject,...
Why Engaging an Insolvency Practitioner Early is Crucial

Why Engaging an Insolvency Practitioner Early is Crucial

by Margo McLenan | Dec 4, 2023 | Insolvency Advice, Insolvency Practitioner, Latest News

Timely Intervention: Why Engaging an Insolvency Practitioner Early is Crucial for Business Owners In the complex landscape of business finance, the role of an Insolvency Practitioner (IP) is often misunderstood and the value they may add underestimated. Many business...
10 Director’s Responsibilities during Insolvency

10 Director’s Responsibilities during Insolvency

by Margo McLenan | Nov 20, 2023 | Insolvency Advice, Insolvency Practitioner, Latest News

For a director in Scotland, facing the murky waters of potential insolvency can be daunting. As the person at the helm of a company, certain responsibilities and duties are placed upon directors during insolvency proceedings. These duties are outlined in UK Company...
6 Reasons Why Selecting Your Liquidator Makes the Difference

6 Reasons Why Selecting Your Liquidator Makes the Difference

by Margo McLenan | Oct 16, 2023 | Insolvency Advice, Insolvency Practitioner, Latest News

Navigating the challenges of business, especially when facing financial distress, is undoubtedly daunting. During these times, the decisions made can significantly impact not only the business’s future but also the lives of stakeholders involved. One of these...
Acting to Avoid Insolvency: A Prudent Director’s Guide

Acting to Avoid Insolvency: A Prudent Director’s Guide

by Margo McLenan | Oct 9, 2023 | Insolvency Advice, Insolvency Practitioner, Latest News

When you’ve poured time, energy, and resources into building and nurturing a company, the very thought of it facing financial struggles can be devastating. Yet, in the challenging world of business, financial turbulence is not uncommon. While the spectre of...
A Beacon of Hope: The Path To Business Rescue

A Beacon of Hope: The Path To Business Rescue

by Margo McLenan | Oct 2, 2023 | Insolvency Advice, Insolvency Practitioner, Latest News

In the ever-turbulent world of business, it’s not uncommon for companies, irrespective of size or industry, to experience setbacks. Economic downturns, industry shifts, or even internal management issues can sometimes send a firm into treacherous waters....
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Recent Posts

  • IP vs Admin: Understanding the Key Differences
  • Who Oversees the Work of Insolvency Practitioners?
  • Who Foots the Bill for an Insolvency Practitioner?
  • Why Engaging an Insolvency Practitioner Early is Crucial
  • 10 Key Rules Every Insolvency Practitioner Must Follow

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