Achieving high standards for the insolvency profession. The Insolvency Act 1986 (IA 1986) introduced the concept of regulation for the insolvency profession. Insolvency practitioners were seen by many as members…
Since the first lockdown in 2020 insolvency practitioners have been trying to predict the future not just for the economy as a whole but also for the insolvency profession. Traditionally,…
Why a negative attitude towards the insolvency profession doesn't make sense. Introduction. Insolvency practitioners, sometimes working at very short notice and in difficult circumstances, are responsible for ensuring that companies…
Introduction The Joint Insolvency Committee has introduced three new SIPs, a new SIP 3.2 (CVAs), SIP 7 (the presentation of financial information in insolvency proceedings) and SIP 9 (payments to…
The Insolvency Service has been doing excellent work sending regular and frequent Dear IPs to insolvency practitioners during the lockdown, giving practical information and guidance about how insolvency practitioners and…
It has already become apparent that a positive effect of the covid-19 lockdown is increased communication. At a time of change and uncertainty communication is vital both so that insolvency…
Insolvency practitioners will now have new working systems, routines and procedures, many of which will have been put in place without time to assess how successful they will be and…
Life has changed dramatically and very quickly in the last fortnight or so and based on the most recent government announcements these changes are likely to continue. The changes to…
The Insolvency Service's Call for Evidence, the survey that the Insolvency Service hopes will produce information that can be used to decide the future of insolvency regulation, is a detailed…
Compliance is effectively defined in SIP 1 and the Ethics Code as the fundamental principle of professional competence and due care. An insolvency practitioner should act diligently and in accordance…