Insolvency Procedure

What is an Insolvency Procedure?

Many individual and business specific reasons can lead to a business needing to use an insolvency procedure.

An Insolvency Procedure may have a variety of uses ranging from formal deferral of payments to creditors, through to a managed close down. Within the range is a fast track company protection procedure to buy time for restructuring.

All types of formal insolvency procedure require the involvement of a Licensed Insolvency Practitioners. will advise on the full range of insolvency procedures from planning for both personal and company financial issues.

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