Right Insolvency Practitioner for Voluntary Administration
Voluntary Administration If a business is dealing with financial difficulty, the selection of the appropriate insolvency practitioner is very important for directors. The administrator (also known as the insolvency practitioner) is responsible for controlling the business during voluntary administration services to decide what will happen to the creditors. The professional you choose can decide whether the business can be restructured, recover, or will need to be wound down. This is how you can decide what’s best for you. 1. Ensure the company is properly…
