Insolvency and receivership services

CPC v2.1 Code: 824

About insolvency and receivership services

cpc code 824 covers the industry of insolvency and receivership services, which plays a crucial role in the broader economy. This industry is responsible for managing the financial affairs of businesses and individuals who are unable to pay their debts. By overseeing the liquidation of assets and the distribution of funds to creditors, insolvency and receivership services help to maintain the stability of the financial system and protect the interests of stakeholders.

Production process

The main production techniques used in the insolvency and receivership services industry involve a series of legal and financial processes. This typically includes the appointment of an insolvency practitioner or receiver, who will assess the financial situation of the insolvent entity, gather and value its assets, and develop a plan for the distribution of funds to creditors. This may involve the sale of assets, the negotiation of debt settlements, and the implementation of restructuring or reorganization measures.

Production inputs

The key inputs required for the insolvency and receivership services industry include legal and financial expertise, as well as access to relevant financial data and records. Insolvency practitioners and receivers must have a deep understanding of bankruptcy law, corporate finance, and asset valuation. They also rely on the cooperation of the insolvent entity, its creditors, and other stakeholders to gather the necessary information and facilitate the insolvency or receivership process.

Production outputs

The primary output of the insolvency and receivership services industry is the resolution of financial distress for businesses and individuals. This may involve the liquidation of assets, the distribution of funds to creditors, and the implementation of restructuring or reorganization measures. The outputs of this industry are often consumed by 811 Accounting, tax preparation, bookkeeping, and payroll services, 523 Securities, commodity contracts, and other financial investment and related activities, and 541 Professional, scientific, and technical services.

Family tree for insolvency and receivership services

    graph LR
    A["<a href='/classifications/cpc/v2-1/8'>8: Business and production services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/82'>82: Legal and accounting services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/824'>824: Insolvency and receivership services</a>"]

    B --> D["<a href='/classifications/cpc/v2-1/821'>821: Legal services</a>"]
B --> E["<a href='/classifications/cpc/v2-1/822'>822: Accounting, auditing and bookkeeping services</a>"]
B --> F["<a href='/classifications/cpc/v2-1/823'>823: Tax consultancy and preparation services</a>"]

    C --> G["<a href='/classifications/cpc/v2-1/8240'>8240: Insolvency and receivership services</a>"]


    %% Color coordination by level

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    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level3
class E level3
class F level3
class G level4

  class C highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class C highlight