Insolvency guidance papers
Insolvency Guidance Papers (IGPs) are agreed by the Joint Insolvency Committee (JIC) and issued by the Recognised Professional Bodies (RPBs) to Insolvency Practitioners to provide guidance on matters that may require consideration in the conduct of insolvency work or in an Insolvency Practitioner's practice.
How do they differ from SIPs?
Unlike Statements of Insolvency Practice (SIPs), which set out required practice, IGPs are purely guidance and practitioners may develop different approaches to the areas covered by the IGPs.
IGPs are developed and approved by the Joint Insolvency Committee, and adopted by each of the insolvency authorising bodies.
Current
IGP No. 1 - Control of Cases (Effective 2 December 2024)
IGP No. 2 - Succession Planning (Effective 1 August 2024)
IGP No. 5 - Dealing with complaints (Effective 1 October 2009)
Withdrawn
IGP No. 1 - Control of Cases (Effective 1 April 2005, Withdrawn 2 December 2024)
IGP No. 2 - Succession Planning (Effective 1 April 2005, Withdrawn 1 August 2024)
IGP No. 3 - Bankruptcy Family Homes (Effective 31 October 2005, Withdrawn 1 August 2024)
IGP No. 4 - Systems for control of accounting and other business records (Effective 1 March 2006, Withdrawn 2 December 2024)
IGP No. 6 - Retention of Title (Effective 10 November 2014, Withdrawn 1 August 2024)