Insolvency Practices Council
The Insolvency Practices Council (IPC) has now disbanded. The closure of the IPC follows recommendations contained within the Office of Fair Trading’s report of June 2010 into the market for corporate insolvency and the subsequent Government response to the consultation on reforms to the regulation of insolvency practitioners.
The IPC was set up in 2000 as an independent external body with a remit to investigate and examine the ethical and professional standards of the insolvency profession and to make recommendations to the bodies that regulate the profession for any changes in regulation it considers are needed in the public interest.
The IPC made a number of recommendations to the profession over the last 11 years, including: -
- Statistical information on Individual Voluntary Arrangements (IVAs) and Debt Management Plans (DMPs)
- Complaints handling by insolvency practitioners (IPs) and their regulators
- Correspondence between IPs and Debtors/Creditors
- Reports under the Company Directors Disqualification Act 1986
- The regulatory structure
- Personal indebtedness and debt solutions
Below are copies of the IPC’s most recent annual report and March 2012 newsletter to insolvency regulators and practitioners.
