Insolvency Professional

That’s my job

Providing professional advice to try to prevent insolvency

Negotiating with the creditors, and other parties, of a company or individual

Realising the assets of a company for the best possible return to creditors after marketing to a wide range of potential buyers

Carrying out all statutory duties as required by law

Providing regular reports to creditors on the progress of insolvency procedures.

Investigating company affairs and director conduct, where necessary, and file a report to the Insolvency Service.

An IP can hold different roles dependent on the companys circumstances and what process would produce the best outcome for the creditors of that company.

The different roles an IP can hold are:

Administrator

In an administration, the IP acting as administrator will take control of the day-to-day operation of the business. During a period when the company is protected from creditor action, the liquidator will prepare a proposal to put to creditors which should rescue the company and produce a better outcome for the creditors than liquidation.

However, in certain circumstances, it may be a better outcome for creditors and other parties to arrange a pre-pack administration. This is where the directors and/or investors have the opportunity to purchase the business/assets and continue to trade through a new company.

Providing professional advice to try to prevent insolvency

Negotiating with the creditors, and other parties, of a company or individual

Realising the assets of a company for the best possible return to creditors after marketing to a wide range of potential buyers

Carrying out all statutory duties as required by law

Providing regular reports to creditors on the progress of insolvency procedures.

Investigating company affairs and director conduct, where necessary, and file a report to the Insolvency Service.

An IP can hold different roles dependent on the companys circumstances and what process would produce the best outcome for the creditors of that CO

Experience : 2 - 5 Years

No. of Openings : 1

Education : Any Bachelor Degree

Role : Insolvency Practitioner

Industry Type : Banking / Financial Services / Stock Broking

Gender : [ Male / Female ]

Job Country : India