When should I call an Insolvency Practitioner?

When it comes to seeking the advice of a Licensed Insolvency Practitioner, there’s a common misconception that it’s something that should only be done when a business or individual is in dire straits and as a last resort.

Indeed, apart from having heard of the other roles IP’s play such as ‘Liquidators’, ‘Administrators’, or ‘Receivers’, many individuals and even business owners only become aware of the existence of Insolvency Practitioners when they find themselves needing for the kind of help a only Licensed Insolvency Practitioner can provide.

If you’re wondering when is the best time to call an Insolvency Practitioner, the likely answer is ‘right now’, because it’s likely that an imminent financial problem either personally or with your company  has prompted the question and generally speaking, the sooner action is taken, the better the outcome and the more options will be available to you.


When is the best time to call an Insolvency Practitioner?

Speaking to an Insolvency Practitioner is often the first stage in dealing with a financial issue you already have, but, as the saying goes,’prevention is better than cure’ and who better to offer business advice on avoiding pitfalls than someone who deals with businesses in difficulty every day? With the nature of our profession being as it is, Insolvency Practitioners know how businesses get into trouble in the first place, the pitfalls which could have been avoided and as such, how to help you avoid making those mistakes.

In short, the best way to avoid the kind of crisis that involves engaging the services of an Insolvency Practitioner, is to speak to one before you’re forced to.Take action now and get the advice which could well help you avert a crisis in the first place, which will almost always leave you better off than if you wait.


How do I speak to an Insolvency Practitioner?

Arranging an appointment to speak with us is easy. You can apply online using our simple contact form and ask to be called back and one of our team will be in touch. We offer a free consultation no matter what financial difficulties you might be facing or looking to avoid.

It’s often the case that no matter what your concerns, getting in touch with Lines Henry is a first step which makes you feel better the moment you take it and we’ll help guide you where to go from there. Hopefully this will be along a road which will lead you to a better outcome and an end to your financial worries.


Speak to us, feel better.