Can I start insolvency proceedings myself?

Frequently Asked Questions

With the exception of compulsory liquidation and administration via the company’s secured lender, it is you as director who can initiate insolvency proceedings. However, this should always be decided upon with the assistance of professionals such as ourselves. For a company to enter a formal insolvency process, a licensed insolvency practitioner must be appointed. Again, this is something we are here to help with.