The Insolvency Act 1986 introduced a system of licensing to ensure the professional competence and skill of insolvency practitioners in individual and corporate insolvency1. A person who is not an individual is not qualified to act as an insolvency practitioner2; nor is he qualified so to act if he is subject to one of the statutory exceptions3.
A person is not qualified to act as an insolvency practitioner unless at that time:
(1) he is authorised by virtue of membership of a recognised professional body4;
(2) there is in force security for the proper performance of his functions5.
A person acts
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234