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insolvency or business recovery professional

The majority of insolvencies can be prevented by early action, such as seeking the advice of an insolvency or business recovery professional. Individuals, as well as businesses, may need help and, if you are facing financial crisis, it is important to deal with the problem immediately.

Bankruptcy is the administration of the affairs of an insolvent individual by a trustee. An individual voluntary arrangement (IVA) can protect an individual struggling with debts from creditors.

Administration places a company under the control of an insolvency practitioner. Liquidation is the formal winding up of a company’s affairs. A company voluntary arrangement enables a company to put a proposal to its creditors.
Check the directories and web sites listed here to find out about the different levels of membership for each professional body, and what this means.

We have only selected professional bodies with rigorous entry requirements and a complaints procedure. Members must adhere to standards and codes of practice.