Video: Demystifying formal insolvency options
In circumstances when informal options are not viable or have not corrected the situation, a business will then need to consider formal insolvency options. The latest video in our series covering ‘What to do when things don’t quite go to plan’ features Insolvency and Recovery Partner, Matt Howard, demystifies informal options including providing detail on how the insolvency procedure works, and how advisors act in the initial stages to try and pursue recovery over insolvency as far as is possible.
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.