Pre-insolvency advisers and intangible assets – Muddy Waters
Pre-insolvency advisors have not always had the best press in Australia: Registered insolvency practitioners (i.e., liquidators and voluntary administrators) are usually not interested in giving pre-insolvency advice: If they advise pre-insolvency, they will lack the required independence for a lucrative formal insolvency appointment.
Pre-Insolvency Advisers (for SMEs)
Pre-insolvency advisers are professionals who help business owners conduct a root cause analysis to understand why their business is failing and then help develop a turnaround strategy or, if this is not possible, plan an orderly winding up.