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Who or what is a Licensed Insolvency Practitioner?

April 26, 2017Insolvency licensed Practitioner

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Who or what is a Licensed Insolvency Practitioner?

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A Licensed Insolvency Practitioner is a person who holds a licence to deal with all insolvency procedures. Many Insolvency Practitioners were previously Accountants or Lawyers who have passed additional examinations in order to qualify as an Insolvency Practitioner. This allows them to apply insolvency legislation to individuals and companies. Only Insolvency Practitioners are allowed by Law to propose and administer IVAs.