What Does An Insolvency Practitioner Do?

If your business has been deemed insolvent via either the cash flow test or the balance sheet test, you’ll likely be wondering what the next step is for your business. You might well have heard about insolvency practitioners and their role in the next steps, but aren’t entirely sure what the need for them is, and what they do once they’re in your employ. Well, to help clear things up we’ve put together this very brief and wholly incomplete guide to some of the requirements and duties of an insolvency practitioner within the United Kingdom.