Restructuring & Insolvency
Sometimes the financial situation for a business or an individual is so critical that the only exit solution is an insolvency process; or else the use of one of the formal insolvency procedures is the best way to rescue the business or facilitate a restructuring to put the business or the individual back on a sound financial footing.
Opus can provide advice on all of the UK insolvency procedures and act as the insolvency office holder where this is appropriate. Initial consultations are provided free of charge. Time costs are based on standard or blended rates or a fixed fee set at the outset of the process.
Summary explanations of the various procedures can be found by clicking on the links below:
R3 – The role of Insolvency Practitioners in the UK
R3 have finalised a new document, “The role and value of insolvency practitioners in the UK economy”. This covers the main roles and duties of an IP, as well as an overview of what insolvency and restructuring is. Please click on the image below to read this guide.