All Books
Rigged by Matt Haycox
The book HMRC & the insolvency industry tried to ban

RIGGED

How the Insolvency Industry Profits From Your Failure — And How to Stop Them

When a business hits trouble, the insolvency industry is supposed to help. Rescue. Restructure. Recover. That’s the theory. The reality is very different.

Rigged exposes a multi-billion pound industry where practitioners are paid by the hour with no cap, where the longer your case takes the more they earn, and where the people advising you on rescue are financially incentivised to push you into liquidation. Matt Haycox names the practices, exposes the conflicts, and gives you the weapons to protect yourself from an industry that profits from your worst day.

What This Book Exposes

THE SYSTEM IS RIGGED

Perverse Incentives

IPs earn more the longer your case drags on. Speed is their enemy.

Hidden Fee Structures

Time-based billing with no cap, no oversight, and no accountability.

Conflicts of Interest

The same people advising you on rescue are incentivised to liquidate.

HMRC Collusion

A relationship between IPs and HMRC that prioritises their interests over yours.

Is This For You?

THIS BOOK IS FOR YOU IF...

Your business is in financial difficulty and you're being pushed towards insolvency
You've been approached by an insolvency practitioner and want to understand their incentives
You want to know your alternatives before entering any formal process
You want to protect your personal assets while there's still time
You're an advisor who wants to understand what your clients are really facing
You believe the system should be fair — and want to know how to make it work for you
Inside The Book

WHAT YOU’LL LEARN

12 chapters exposing the insolvency industry and arming you with alternatives.

01 The Insolvency Industry: A £3 Billion Machine Built on Failure
02 How Insolvency Practitioners Are Really Paid (And Why It's a Problem)
03 The Conflict of Interest Nobody Talks About
04 Why Longer = More Profitable: The Incentive to Delay
05 Hidden Fees: The Charges You'll Never See Until It's Too Late
06 The HMRC-IP Relationship: A Cosy Arrangement That Hurts You
07 Pre-Pack Administration: The Legal Loophole Insiders Exploit
08 Alternatives to Formal Insolvency (That Your Accountant Won't Mention)
09 Company Voluntary Arrangements: When They Work and When They Don't
10 Protecting Your Personal Assets Before Trouble Hits
11 How to Choose an IP Who Actually Works for You (Not Against You)
12 The Reform Agenda: What Needs to Change and How to Push For It

WHY THEY TRIED TO BAN THIS BOOK

“When I announced Rigged, I received legal threats from two insolvency firms and a strongly-worded letter from a professional body suggesting I was ‘undermining public confidence in the profession.’ Good. That was the point.”

“The insolvency industry relies on business owners not understanding how it works. The less you know, the more they can charge. The more confused you are, the less likely you are to challenge them. This book ends that information asymmetry.”

— Matt Haycox
Reader Reviews

WHAT READERS SAY

“My IP billed £180K in fees on a company with £400K in assets. After reading Rigged, I understood exactly how they'd gamed the system. I wish I'd had this book 12 months earlier — it would have saved my company.”

David Chen
Former MD, Chen Properties

“Rigged is the most important business book I've ever read. Not because it's inspiring — because it's terrifying. And because it gives you the tools to protect yourself from an industry designed to profit from your worst moment.”

Amanda Foster
CEO, Foster Group

“As a turnaround specialist, I've seen everything Matt describes in this book. The difference is, he's put it all in one place and made it accessible to the business owners who need it most. Essential reading.”

Paul Whitmore
Turnaround Director

KNOWLEDGE IS YOUR BEST DEFENCE.

Don’t let an industry built on your failure profit from your ignorance. Get your free copy now.

Free Download

Get Your Free Copy

Enter your details below and we’ll send Rigged straight to your inbox. No credit card. No bollocks.

We respect your privacy. No spam, ever. Unsubscribe anytime.