A Brief Glossary Of Insolvency Practitioner Roles

If your business is deemed to be insolvent, then the law within the United Kingdom states that you have to employ a licensed insolvency practitioner (IP) to carry out formal insolvency proceedings. That much is common knowledge, but what an insolvency practitioner actually does (and can do) within your business remains something of a mystery for a great many. In this short guide we will present a few examples of what an IP is able to advise on and undertake appointments in, but first a short paragraph outlining the basic job of an IP.