Insolvency Practitioner Role

An Insolvency Practitioner (IP) is a licensed professional who helps individuals and businesses facing financial difficulties. Their role involves assessing financial situations, advising on options for managing debts, and overseeing processes like bankruptcy or company liquidation. They act as a mediator between creditors and debtors, ensuring legal requirements are met while seeking the best outcomes for all parties involved. Ultimately, an IP aims to restructure or wind down finances effectively, helping clients navigate complex insolvency laws and find a path toward recovery or closure.