for those specialising in fixed charge receiverships which fall outside the statutory framework for which an insolvency authorisation is required. The IPA provides a secretariat service in respect of the scheme.
, providing distance learning CPE. The Excellent IP platform hosts conference footage, technical training and business skills courses for insolvency professionals.
the management of the IPA, including determining policy and strategy and setting business and financial plans and programmes. It also approves the IPA’s Annual Report and Accounts, subscriptions and authorisation fees and applications for membership; and it appoints Committees through which the detailed work of developing and putting forward proposals and implementing its decisions is undertaken, as well as considering membership and authorisation matters and investigating complaints. Council usually meets four times a year.
Following the introduction of authorisations, the IPA was instrumental in forming the Society of Practitioners of Insolvency as a separate organisation to co-ordinate across the profession the representation of insolvency practitioners, training and technical guidance and advice. The Society was subsequently renamed the Association of Business Recovery Professionals (known as R3 – Rescue Recovery and Renewal) to reflect the increasing use of both formal and informal reorganisation and turnaround procedures for failing businesses.
The IPA first launched an insolvency-specific examination in 1981 at a time when the accountancy bodies were removing insolvency papers from their examinations, and to provide opportunities for those who were not members of those bodies to advance their careers in the insolvency profession through a recognised examination. The examination became the basis in 1989 of the profession-wide Joint Insolvency Examination which is the standard qualification to become an insolvency practitioner.
Recognising that there remained a studying and qualification gap for those involved in case administration and insolvency-related work, it then introduced the Certificate of Proficiency in Insolvency (CPI); and more recently with the growth in personal insolvency and the increasing range of statutory and non-statutory debt relief/repayment solutions, the Certificate of Proficiency in Personal Insolvency (CPPI). The CPI and CPPI Examinations are now open to anyone who wishes to take it, as part of the IPA’s move to widen access to understanding and knowledge of insolvency which has become an increasing feature of both business and consumer worlds.
is responsible for preparing annual budgets and making recommendations to Council on subscriptions and fees; for monitoring in-year spending; and for submitting for approval to Council the IPA’s Annual Accounts.
To invite the member to consent to an order by which he/she is severely reprimanded or reprimanded with or without a fine and costs and/or provide an undertaking as to remedial action
applications for, and makes recommendations to Council for, individual and firm membership. It also has powers:
We are a membership body recognised for the purposes of authorising (licensing) insolvency practitioners (IPs) under the Insolvency Act 1986. We are the only one of the recognised bodies solely involved in insolvency.