Can I rely on the professional? This is a crucial initial step, as you will only have faith in the services you receive if you have faith in your insolvency practitioner. You can build trust by verifying that they possess a valid license and are not attempting to confuse you with creative advisory statements. Debt advisors can masquerade as insolvency practitioners; therefore, you must exercise extreme caution when selecting a partner to ensure that the actions taken on your behalf yield the desired results.
Is the practitioner knowledgeable? Experience is crucial not only for instilling confidence in what the practitioner can do for you, but also for determining how empathetic they are. During such a difficult period for your business, you deserve to work with someone who understands what you are going through and listens to what you have to say. The IP will be able to emotionally guide you through the process and provide you with solutions in which you can have confidence. It is highly recommended to work with an IP with which you are entirely comfortable.
How accessible is this IP? Every insolvent company or individual requires a prompt response, and you should receive this from your IP. A professional should be available around-the-clock and be willing to meet you in person whenever you deem it appropriate and expedient. If you have to constantly remind your IP of scheduled meetings or if they continually postpone your meetings or conversations, you may not be working with the finest and it may be time to find someone else to manage the process for you.
What is the quality of the references? This question can go a long way toward assisting you in selecting an IP who is qualified for the task at hand. The practitioner should not only be able to provide you with references from directors they have previously worked with, but the references should also be remarkable. You will have an advantage if you can find references within your industry sector, as you will know that the IP has the necessary skills to comprehend and assist you.
How reasonably priced is the practitioner? When searching for an insolvency practitioner, service fees cannot be disregarded. Always obtain a detailed fee structure and confirm that the quote you receive is inclusive of the entire liquidation process and not just the initial work required to place you into liquidation. Do not neglect to include any hourly rates applicable to the company as a whole.""
" - https://www.affordablecebu.com/
