Member

Insolvency professionals have to be a very tough-minded and resilient crowd because, of course, it is always difficult to deal with the harsh realities of insolvency. There are many bad actors in this space who go to great lengths to frustrate the insolvency practitioner. They take personal suits against the IP. They make multiple complaints to the professional body to try to divert the attention of the IP. There are long drawn-out wars of resistance from those trying to resist bankruptcy. IPs have very few funds with which to pursue the bankruptcy, let alone defend themselves against these depredations.