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I’d change the word “insolvency” if I could — because it scares directors into doing nothing. So many think that speaking to an insolvency practitioner means the Grim Reaper turns up and the company is finished. In reality, every good advisor tries to avoid insolvency first and keep the business out of a formal process if they can. But fear stops people from picking up the phone, and that delay always makes things worse. The moment directors take advice early, the outcome is always better. DM me
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Insolvency, handled correctly, can be the bridge between failure and freedom. Yes — you can liquidate and start again if you close properly, follow the law, and rebuild transparently. But if you try to hide assets, reuse the name illegally, or dodge creditors, it will come back to bite you. Insolvency isn’t the end of your business career. Done right, it can be the start of your next on
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