Insights & guidance.

Working together · Insolvency practitioners

Working with your insolvency practitioner, not against them.

When a bankruptcy or insolvency lands, it’s natural to see the insolvency practitioner (IP) or Official Receiver as the enemy — someone to be fought, resisted, kept at arm’s length. Understandable, but usually a mistake. In our experience, a calm and cooperative approach — properly advised — protects you better than a fight ever could.

An IP has a job to do and a duty to the creditors. None of that changes by digging in. What a measured, well-prepared approach does change is the tone and the speed of the whole process: give the IP what they reasonably need, present your position clearly and in order, and you are far more likely to reach a sensible outcome — and to be believed when a figure or a valuation genuinely doesn’t look right.

Cooperation doesn’t mean rolling over. It means engaging on the front foot: knowing what you’re being asked, checking the costs and the valuation behind a demand, and putting a calm, evidenced case rather than an argument. Done well, that often achieves more than confrontation, at a fraction of the cost and stress.

This is where we come in. We act as your single point of contact, handle the correspondence and the difficult conversations, and work constructively alongside the IP and your own accountant — so you’re cooperating from a position of knowledge, not fear. The result is usually a smoother process, a fairer figure, and a lot less sleepless worry.

If a process has started, a few steady first steps help: don’t panic, don’t ignore the letters, and get the whole picture reviewed before you respond. There is almost always a sensible way through.

General guidance, not legal advice; outcomes cannot be guaranteed. Strictly private and confidential.