Links

The Insolvency Service (The Official Receivers)

The Insolvency Service is an executive agency of the Department of Business, Enterprise and Regulatory Reform (BERR). It operates under a statutory framework; principally the Insolvency Acts 1986 and 2000, the Company Directors Disqualifications Act 1986 and the Employment Rights Act 1996.

The Insolvency Service operates from a network of 38 Official Receiver offices throughout England and Wales, from which they:

• administer and investigate the affairs of bankrupts, of companies and partnerships wound up by the Court, and establish why they became insolvent;
• act as Trustee/Liquidator where no private sector insolvency practitioner is appointed;
• take forward reports of bankrupts' and directors' misconduct and deal with the disqualification of unfit directors in all corporate failures;
• authorise and regulate the insolvency profession;
• assess and pay statutory entitlement to redundancy payments.

Detailed information and guidance on bankruptcy and compulsory liquidation are available for download at the Insolvency Service website, together with the option of filing for personal bankruptcy online.

www.insolvency.gov.uk

Insolvency Service publications available on this site

 

The Insolvency Practitioners Association (IPA)

The Insolvency Practitioners Association (IPA) is a membership body recognised for the purposes of authorising (licensing) insolvency practitioners (IPs) under the Insolvency Act 1986.

Its principal aim is to promote and maintain standards of performance and professional conduct amongst those engaged in insolvency practice. The IPA also looks to encourage wider knowledge and understanding of insolvency within and outside the insolvency profession through access to our examinations, qualifications and membership and through exposure and discussion of insolvency issues which affect the profession, its stakeholders and the general public.

Pitman Cohen's practitioners are licensed by the IPA.

www.insolvency-practitioners.org.uk

IPA publications available on this site

 

The Association of Business Recovery Professionals (R3)

The Association of Business Recovery Professionals, is the leading professional association for insolvency, business recovery and turnaround specialists in the UK. Known by its brand name 'R3', it promotes best practice for professionals working with financially troubled individuals and businesses. R3 has representation around the UK and provides a forum for debate on key issues facing the profession.

Statements of Insolvency Practice (SIPS) are issued to members of R3 and give guidance as to the best practice to be adopted by authorised insolvency practitioners having regard to the relevant legislation.

Our partners are all members of R3.

www.r3.org.uk

R3 publications available on this site