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
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