How Insolvency Prac-ioners Return Insolvent Companies to Solvency?

Just because your business is currently insolvent doesn’t mean that it can’t be rescued and returned to a solvent company. Part of an insolvency prac-ioner’s (IP) role is to -ess the company’s current state of affairs, i.e. the how and why it became insolvent. If the basis of the company is essentially sound, they may feel that resolving insolvency good practices – doing business again – is a more favoured option than seeking liquidation.

How Insolvency Prac<i>-</i>ioners Return Insolvent Companies to Solvency?