Archive News

Encouraging Company Rescue
In June 2009, the Insolvency Service asked for the IPC's views on its consultation paper entitled Encouraging Company Rescue. The changes in legislation proposed were aimed at improving further the resue culture to give struggling but viable companies a greater chance to succeed, thus saving jobs where possible and providing better returns to all creditors. The IPC completed and submitted the questionnaire as requested more

IPC 2008 Annual Report
The IPC's recommendations to the Government, the Insolvency Service and the regulators of IPs cover: personal insolvencies (IVAs and DMPs), pre-packs and complaints handling. It can be accesssed on the Social Science Research Network website at http://ssrn.com/abstract=1310791
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Further Complaints Research
The IPC commissioned Nottingham Trent University's Law School to follow up its 2007 research by comparing the complaints systems identified in the insolvency profession with those in several other professions. more

Complaints Research
The IPC commissioned Nottingham Trent University to undertake a study into the complaints procedures of the insolvency profession as a basis for comparing them with other professions. The research report has now been published. more

Changes in IPC membership
Gill Hankey retired on 31 December 2006 at the end of her extended term and is replaced by Philip McNeill. more

IPC meets with OFT, Citizens Advice and the FOS
IPC members meet regularly with both Citizens Advice (in Edinburgh and London) and the Office of Fair Trading and Financial Ombudsman Service in London. more

Inside Money
IPC Chairman, Geoffrey Fitchew, contributed to the discussion about IVAs for people on benefits in the BBC Radio 4 broadcast on 29 July 2006, repeated on 31 July. more

Statistics about Individual Voluntary Arrangements
The IPC has twice recommended to the insolvency profession that it should obtain statistics on the performance of Individual Voluntary Arrangements (IVAs) for policy and regulatory reasons. Some progress is being made. more

Individual Voluntary Arrangements
The case for a simplified Individual Voluntary Arrangement (IVA) is being put forward by various organisations which represent the public at large and also members of the insolvency profession more

About the Insolvency Practices Council
The Insolvency Practices Council was established in the spring of 2000 with the remit to influence the ethical and professional standards of the insolvency profession. It has now been considering issues for the past 9 years. more