Perhaps a stupid question...but

Perhaps a stupid question...but

Didn't find your answer?

Hi,

I am assuming that now that a bank are pulling in a very large loan and security held against it from a partnership, I should disengage and advise them to speak to an Insolvency Practitioner. Their lawyer has been trying to negotiate with the bank to this point.

This is a long story, and indeed two years ago I accompanied them to an appointment with an IP.

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By johngroganjga
13th Nov 2014 12:55

If they have insolvency issues yes they need advice from an IP.

But why disengage?  That serves no purpose.  Just proceed with caution.

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