Home > Uncategorized > Insolvency Practioners under pressure?

Insolvency Practioners under pressure?

At long last IPs are going to be forced to give clear advance indications of the costs of an insolvency. This is not just overdue but scandalously so. Such requirements should have been in place decades ago and every experienced credit manager will recount tales of clear rip offs. The most significant I came across was executed not by some shady back street outfit but one of, if the not very, biggest name in the industry.

What will be the knock on effect of this? Clearly it could easily shake up the industry where there are perhaps too many current players and it could also strengthen the arm of medium or smaller practices prepared to play an honest game.

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Categories: Uncategorized
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