As part of its guidance to businesses on the different stages of recovery, ICAEW provides an overview of what the term insolvency means in reality for companies, the roles of the Official Receiver and Insolvency Practitioners and the different types of creditors.
What is an IP?An Insolvency Practitioner is someone who is licensed and authorised to act in relation to an insolvent individual, partnership or company.
Creditors' guides to IP feesThese guides to insolvency practitioner fees form part of Statement of Insolvency Practice 9 – Remuneration of insolvency office holders.