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Insolvency

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  1. Insolvency licences

    Insolvency is a highly regulated area of practice and IPs must complete training in many aspects of law and practice.

Support and guidance

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  1. How to become an ICAS JIEB student

    Information on how to register as an ICAS JIEB student.

  2. Statements of insolvency practice (SIPs)

    SIPs set principles and key compliance standards with which Insolvency Practitioners are required to comply.

  3. Guernsey insolvency

    We are regularly asked queries about insolvency systems in crown dependencies, which are not part of the UK or the European Union but self-governing dependencies of the crown.This article covers the Bailiwick of Guernsey.

News in Insolvency

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  1. Trust deed changes

    Read about changes to requirements for protected trust deeds which will come into effect on 20 January 2025.

  2. Director misfeasance

    Read about a Scottish Court’s decision to allow a misfeasance claim to proceed based on directors failing to deliver books and records.

  3. UK sanctions changes for IPs

    Read about important changes to be brought in in May 2025 to the UK sanctions reporting regime which will impact insolvency practitioners.

  4. Administration extensions warning

    Read about the Scottish Court’s approach to requests to extend Administrations and why it’s important to consider how Administrators are reporting to creditors.

Latest developments

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  1. Modernising insolvency regulation

    ICAS welcomes the UK government’s proposals for the future of insolvency regulation.

  2. HMRC Insolvency Guidance – VAT

    HMRC has issued guidance regarding changes to its IT systems, which are impacting VAT processing in insolvency cases.

  3. Corporate Insolvency and Governance Act 2020

    Find out more about the Corporate Insolvency and Governance Bill.

Consultation and responses

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  1. The future of insolvency regulation

  2. ICAS response to FCA

  3. SIP 3.1 consultation

    insolvency, statements of insolvency practice, SIP 3.1

Technical updates

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  1. Insolvency technical update: November 2024

    Stay informed on the latest insolvency developments with this month’s technical update.

  2. Insolvency technical update: October 2024

    Stay informed on the latest insolvency developments with this month’s technical update.

  3. Insolvency technical update: September 2024

    Stay informed on the latest insolvency developments with this month’s technical update.

  4. Insolvency technical update: August 2024

    Stay informed on the latest insolvency developments with this month’s technical update.

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