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Using AI (artificial intelligence) to help rescue your business can be useful, but don't rely on it.
16 September 2025
If you’ve ever stared at a spreadsheet at 2am, wondering whether your business is salvageable, you’re not alone. And if you’ve recently asked ChatGPT whether it can help you rescue your business, you’re definitely not alone.
Artificial Intelligence (AI) is everywhere, from writing emails to generating business plans, and it’s tempting to believe it might just be the knight in silicon armour we’ve all been waiting for.
But before you hand over the reins to your friendly neighbourhood algorithm, let’s talk about what AI can do, what it shouldn’t do, and why your local insolvency practitioner (hello!) still has a job.
AI can be a powerful ally when it comes to understanding the underlying principles of business rescue.
It can help you:
It’s like having a very clever apprentice who never sleeps and doesn’t ask for coffee breaks. For early-stage diagnostics and brainstorming, AI can be incredibly useful.
Here’s where things get sticky.
Most AI models are trained on global data, with a heavy bias towards US law and business practices.
Ask it about administration or a CVA (Company Voluntary Arrangement), and it might start quoting Chapter 11 like it’s gospel. That’s not just unhelpful—it’s potentially dangerous.
UK insolvency law is nuanced. The Insolvency Act 1986, the role of the Official Receiver, and the various formal insolvency options that are UK-specific.
It is worth noting that, even in the UK, the law is not the same everywhere. There are different (but similar) insolvency options in Scotland from England & Wales. The Rules depend on where the Company’s Registered Office is located.
AI is a tool, not a solution.
It can help you understand your options, prepare documents, and even simulate outcomes. But it doesn’t replace professional advice.
Think of it like using Google before seeing your Doctor. You might get a rough idea of the issure, but you wouldn’t perform surgery based on it.
As insolvency practitioners, we’ve seen businesses try to DIY their way out of trouble with AI-generated plans and, before that, using what Dave down the Pub said (sorry, Dave!).
These plans may start off well, but can quickly conflate UK and foreign insolvency matters or otherwise and are legally flawed.
Yes, but only if you use it wisely. Let it crunch the numbers, draft ideas, and give you a starting point.
But when it comes to legal compliance, creditor negotiations, and formal procedures, call in the professionals.
We know the law, we understand the local market, and we don’t confuse Companies House with the White House.
If you’re wondering whether your business can be saved, we’re happy to chat. No algorithms required, and we won’t charge for an initial conversation.
If you would like to discuss how these issues may affect your business, our Restructuring Team would be pleased to speak with you.
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