FAQs

Why do I need an insolvency practitioner?

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Insolvency practitioners are licensed professionals who specialise helping individuals and businesses, experiencing financial difficulties. They can assess the financial position and give advice as to the most appropriate courses of action. They also unravel the red tape and explain the process in clear, easily understood terms.

How do I know if I am insolvent?

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If you are experiencing major cash flow problems, are struggling to pay debts on time and facing legal action from creditors, you may be insolvent. It is essential that you obtain advice from a licensed practitioner as soon as possible, to ensure you can explore all available options that are suitable for your individual circumstances.

Can I continue running my business if I’m insolvent?

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Again, it is vital that you obtain professional advice as soon as practicable. They can help you explore options for restructuring or refinancing – and give guidance on legal obligations and risks.

Can I avoid insolvency?

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In some cases, early intervention and financial management can turn things around. It is crucial that you obtain advice from a licensed practitioner who can assist you with identifying the best way forward, and if necessary a realistic plan to manage debts.

What sets out CB Business Recovery from the rest?

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Chris Brooksbank and his team offer clear, concise, accurate information that will help you to identify and navigate the best option for you. With a wealth of experience, they offer first-class client service, that is second to none. We strip out the jargon, to ensure you make fully informed decisions at a very stressful time.

 

How do I ensure that the advice is reliable?

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At CBBR, we place the emphasis firmly on openness and transparency. We are more than happy to demonstrate our qualifications and regulatory credentials, before work begins.