FULL INSOLVENCY SEARCHES
A full insolvency search is a ‘belt and braces’ thorough and detailed examination conducted to collect comprehensive information regarding a company’s insolvency history. It involves delving into various sources, such as court records, court documents, Gazette records and Companies House Information, to obtain a complete picture of the entity’s insolvency status.
A full insolvency search aims to uncover any instances of insolvency or financial distress that may have occurred in the past. This includes identifying bankruptcy filings, liquidation proceedings, administration orders, or other relevant insolvency actions. By examining these records, one can gain insights into the financial stability and solvency of a company.
During a full insolvency search, specific details about the insolvency proceedings are typically sought. This may include the dates of filing, the names of insolvency practitioners involved, court references, and the outcome of the proceedings. Such information provides valuable context and helps assess the severity and impact of the insolvency event.
Overall, a full insolvency search serves as an essential tool for understanding the financial history and potential risks involved with a particular entity, allowing interested parties to make informed decisions based on accurate and up-to-date information.