What or who is a licenced Insolvency Practitioner?
A licenced Insolvency Practitioner is the only type of financial advisor that is seen as an expert in insolvency procedures under law. Insolvency Practitioners have passed professional exams and are assessed by a regulatory body to act in relation to insolvency appointments. These experts are then qualified to apply Insolvency Legislation and act as Administrators and Liquidators of companies. For more information see IVA regulation.
