Getting started

 

All you need to know about how to start the process

Once an insolvency procedure has started the process that is followed often depends on the particular circumstances of a case. This section outlines what might happen in a ‘typical’ insolvency, but it is always a good idea to maintain regular contact with the insolvency practitioner or Official Receiver that’s dealing with the insolvency in order to keep up-to-date. This is especially true in the early stages of an insolvency when important documents are sent out to creditors and important decisions are made.

 

In Scotland, all company insolvencies are dealt with by an insolvency practitioner (there is no Official Receiver).  Some personal insolvencies are dealt with by the Accountant in Bankruptcy (AiB).

 

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