What happens to the funds raised by Insolvency Practitioners (IPs) after they are appointed as Administrators or Liquidators? This is a mystery to almost everyone outside the insolvency profession and is so often the source of huge misunderstanding and upset amongst those stakeholders who find themselves at the end of the queue for distributions. The best way is to look
Opus Business Advisory Group, following its continued success, has moved into the Scottish market with the opening of its first Scottish office in Glasgow, led by experienced local insolvency and restructuring expert Mark Harper. With this expansion, Opus will have eleven locations including Glasgow, stretching from Bristol in the South West and taking in Maidstone, Croydon, London, Milton Keynes, Nottingham,
After its recent office openings in Bristol, Leeds and Newcastle, the Opus Business Advisory Group has now added another major location, Nottingham, to expand its ability to provide advisory services to businesses and individuals, right across the United Kingdom. The Group provides restructuring & insolvency, corporate finance, forensic and other allied specialties from each office, within its UK network. The
Opus Business Advisory Group has taken another significant step as it grows its ability to offer business advisory services to businesses throughout the United Kingdom. The group provides restructuring & insolvency, corporate finance, forensic and other allied specialties from each office within its UK office network. The Group has recruited Mark Ranson, a restructuring & insolvency specialist, to open the
All lenders and insolvency practitioners know what happens to the assets section of a company’s Balance Sheet when it goes into any formal insolvency process, even those designed as rescue procedures. Valuation of assets in a business The valuations placed on assets by directors in good faith or at least in compliance with reporting standards and then supported by external
The legal pitfalls to be aware of Businesses fail for all sorts of reasons, some within the control of the entrepreneur behind them, others because of a variety of external factors. Most failures will end with at least some debts unpaid and with the company going into Liquidation, possibly after an attempt has been made first to rescue it through
