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Hello, welcome to the programme.

So many familiar businesses have found themselves in trouble this year.

High Street stores, restaurant chains, not to mention Thomas Cook, of course, one of the most

venerable brands around.

Now, when a company goes under, it is important to be very forgiving

in order to be able to rescue any viable pieces of the company to get them back on the road

in a sustainable way. Also, we want to encourage entrepreneurs to take risks, and that means

giving them a break when those risks fail. But obviously, you can't be too forgiving because that might

incentivise firms to take out debt irresponsibly. Well, we have legal insolvency arrangement to

find the right balance. And given these are being so well used at the moment, we thought we

should take a look at how they work and how effective they are. And as usual, I have three guests with me to guide us through this topic. Let us

meet them now. First up, we have an insolvency practitioner, the regional manager for the

South West, at a company called Begby's Trainer, Julie Palmer. Julie, just tell us about Begby's

trainer and what you do. Yeah, so I'm a licensed

insolvency practitioner. I'm an appointment taker for a sort of volume of appointments with the firm.

I manage the southwest region, which encompasses everything from Portsmouth to Swansea, including

Milton Keynes and Worcester on the northern side. And Begby's themselves, we are the largest

independent firm of insolvency

practitioners and corporate rescue advisors in the UK. So what would a typical case on your file

look like? There is no typical case as the answer to that. So at the lower end, we might

deal with a small solvent liquidation where we're returning money back to the shareholders.

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