R3, the insolvency and restructuring trade body, has issued two new guidance documents advising how to avoid unregulated advice when experiencing financial difficulty.
This is in response to increased numbers of claims that unregulated or unlicensed advisors are targeting distressed businesses, directors and individuals.
The publications describe the often misleading information provided by unregulated advisers, how to spot it, and why some of the common claims are flawed.
The emphasis is on getting advice early, but ensuring that it is the right help, from a regulated professional.
See more: Insolvency: where to get advice