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What is an Insolvency Practitioner?

If your business is confronting financial difficulties or experiencing a formal insolvency process, like liquidation, it’s likely that you will look to enlist the assistance of a licensed Insolvency Practitioner (IP). The majority of the  insolvency practitioners will have skilled & trained as accountants or insolvency specialists however, what does…
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What is a bankruptcy Income Payment Order?

Sections 310 and Sections 310A of The Insolvency Act 1986 concern the bankruptcy surplus income. You can find bankruptcy Income Payment Order treatment in The Insolvency Rules 1986 under Rule 6.189 to Rule 6.193C.  When you get a bankruptcy order from the court, you do not have to make further…
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