by Margo McLenan | Mar 18, 2024 | Insolvency Practitioner, Latest News
In the intricate world of business recovery and insolvency, terms like “Insolvency Practitioner” (IP) and “Administrator” are often mentioned, sometimes interchangeably, leading to confusion about their roles and responsibilities. This...
by Margo McLenan | Mar 11, 2024 | Insolvency Practitioner, Latest News
In the realm of financial distress and corporate recovery, the role of an insolvency practitioner (IP) is both pivotal and profoundly sensitive. These professionals navigate the challenging waters of businesses facing insolvency, wielding the power to advise,...
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,...
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...
by Margo McLenan | Nov 27, 2023 | Insolvency Practitioner, Latest News
Being an Insolvency Practitioner (IP) in Scotland requires expert knowledge. While the role demands a deep understanding of financial structures and business operations, IPs must also be well-acquainted with the key rules that guide their profession. Here, we explore...
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...
