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Millennial
Feb 5, 2006

Umbriago posted:

Do accountants deal with corporate bankruptcies, insolvencies, liquidations and businesses being put into administration or receivership? Trying to turn around failing companies and keep them afloat seems like it would be really interesting.

In Australia they do - the UK similarly. I worked as an insolvency accountant for 12 months a couple of years ago. I enjoyed the work mostly. It was a blend of both legal knowledge and accountancy skills. Given that I have done degrees in both law and accountancy it was a good fit.

I'm fairly sure the UK allows both lawyers and accountants to become insolvency practitioners, unlike Australia where only accountants can become registered liquidators. This area of accounting would be good if you enjoy corporate law and the legal training accountants receive. It would be probably very difficult for people who didn't enjoy their education in company law.

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