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The financial challenges facing the higher education sector are well documented. What is less clear is what happens if this challenge becomes critical for an institution. What could happen if an English University were to run out of cash? And can current insolvency legislation deal with such a scenario? In collaboration with PwC UK, we discussed these pressing questions with an expert panel: Damien Ashford, Partner, Education Lead and Government and Health Industries Restructuring Leader, PwC United Kingdom Professor Shitij Kapur, President and Vice-Chancellor of King's College London Jess Lister, Associate Director, Public First Neil Smyth, Partner, Mills & Reeve Professor Sir Steve West CBE, Vice-Chancellor, President and CEO, UWE Bristol Professor Dame Alison Wolf DBE, Sir Roy Griffiths Professor of Public Sector Management at King's College London and co-author of the government-commissioned Augar Review of post-18 education funding (chair)