Buying a Business from an Insolvency Practitioner

Lots of businesses are appearing for sale from insolvency practitioners. Insolvency practitioners can sell the business and assets of an insolvent company in a number of ways:

Contract. Sale by contract is the most usual method of sale/ purchase. If a period of exclusivity can be agreed then the buyer can focus and work towards a purchase.

Auction. This is the least preferable method of sale for a seller as it is likely to realise the least value of an asset.

Tender. This is much liked by insolvency practitioners as there is little competition between buyers and therefore each person puts in what they feel the business or assets are worth and this is likely to be higher that what can be achieved relatively quickly at an auction.


share this Article

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on email

Recent Articles

Overview of IP rights

The pandemic has caused many businesses to invest in selling their goods or services online. This has meant that many businesses have had to invest

Burberry granted injunction against Baneberry

Multi billion-dollar luxury fashion brand Burberry has been granted a preliminary injunction against Chinese copycat brand Baneberry/ The alleged infringers were discovered when Xinboli Trading