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Appointment venue



Well not necessarily. It’s true that when you are declared bankrupt or enter into an Individual Voluntary Arrangement, then this goes on public record in the Individual Insolvency Register. But the days of the advert in the local newspaper are long gone. The people that will get to know are obviously all of your creditors (which can include the bank , the mortgage company or your landlord) and you need to be careful if you work in any kind of job which requires a licence or some sort of

Receivership

Tax

Remember that formal insolvency processes are complicated, and the explanations below are only the tip of the insolvency iceberg!

There can be a number of different types of receivership in relation to companies.

The main issue is that any “receiver” is appointed by a secured lender (normally a bank) who holds an appropriate charge over the company or its assets.

When a receiver is appointed, a company can continue to trade, but ultimately it is the appointor of the receiver who controls the procedure.

To find out more about how we can help please call either Carol, Jackie or Jeanette on 01768 864466.