Ever since the UKs ancient insolvency regime was modernised back in 1986, its inner workings (and even some of its advisers) have operated behind a protective veil of semi-secrecy, with a frustrating lack of public information available to those who need its services, including PSCs seeking fixes to financial problems, writes Nick Hood of Opus Business Advisory Group.
The company closure profession is being dragged into the 21st century
That modernisation still left some relics of the Victorian era, in which the concept of an Insolvency Practitioner (IP) developed. So the government last year consulted on reforms necessary to drag the profession into the 21st century and finally published its proposals just two months ago, in September 2…
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