Insolvency - The Journey
What will happen when insolvency proceedings are begun against you and/or your business and what should you be doing about it?
The procedures for personal and corporate insolvency are similar in some respects, different in others. The most significant difference is that the final hearing in personal insolvency (a bankruptcy hearing) is heard in chambers, i.e. Judges’ rooms, whereas the final hearing in corporate insolvency (a winding up petition) is heard in open court.