Insolvency

What is an Insolvency Practitioner? 

An insolvency Practitioner is someone who is licensed or authorised to act in relation to an insolvent individual, partnership or company.  Most Insolvency Practitioners are accountants. 

Different legislation and rules apply depending on whether you are acting as an Insolvency Practitioner in Ireland or Great Britain/Northern Ireland.

What is an Insolvency Practitioner - GB/NI?

An Insolvency Practitioner (GB/NI) is an individual who is authorised under the Insolvency Act 1986 and/or the Insolvency (NI) Order 1989 to act as office holder:

• In relation to an individual
• In relation to a Company or a Partnership

Acting as an insolvency office holder without being authorised as an Insolvency Practitioner is an offence.

What is an Insolvency Practitioner - Ireland?

For the purposes of CARB's rules and regulations, an Insolvency Practitioner is a member who, regardless of his own location or place of business, acts in Ireland in any of the following capacities: Click Here