Insolvency Practitioners (IPs) deal with individuals and businesses that are experiencing financial difficulties. They administer the assets and funds of the insolvent estates, which can amount to significant sums, and frequently require to effect redundancies.
Insolvency is, therefore, a highly regulated area of practice and IPs must complete rigorous training in many aspects of law and practice. They must also keep up to date with developments in insolvency.
Any person who engages in insolvency practice under the Insolvency Act 1986 or Insolvency (Northern Ireland) Order 1989 is required to be authorised for such work by a Recognised Professional Body (RPB).
ICAS is an RPB under the Insolvency Act 1986 and Insolvency (Northern Ireland) Order 1989 with specialist expertise in insolvency regulation and practice. We are renowned for rigorous but fair regulation, thought leadership, excellence in education, and a powerful sense of professional community amongst our members.
"Any person who engages in insolvency practice under the Insolvency Act 1986 or Insolvency (Northern Ireland) Order 1989 is required to be authorised for such work by a Recognised Professional Body (RPB). ICAS is an RPB under the Insolvency Act 1986 and Insolvency (Northern Ireland) Order 1989 with specialist expertise in insolvency regulation and practice. "
