Starting in practice as an Insolvency Practitioner

Working in office

Taking steps to start in practice as an insolvency practitioner is not one which should be taken lightly. There are a whole range of personal, technical and regulatory matters to consider before making a final decision.

Even after the decision is taken the landscape within which an insolvency practitioner operates is highly complex.

Starting in Practice as an Insolvency Practitioner brings together a series of basic guides which can assist an insolvency practitioner who is considering starting up in practice to take an informed decision. It also provides a useful guide for those insolvency practitioners already in practice who may wish to ensure that they are considering relevant areas of best practice and current regulatory requirements.

Download: Starting in Practice as an Insolvency Practitioner (member login required).

Non ICAS authorised insolvency practitioners who wish to access the guide should contact ICASinsolvency@icas.com.

Starting in Practice as an Insolvency Practitioner covers the following areas:

  • Have you the skill and the will?
  • The insolvency practitioner’s practice
    • Status of appointment taker
    • Key points to consider
    • IT – how much, how soon?
    • Practice philosophy
    • Your business plan
    • Marketing
    • Registration with HM Revenue & Customs
    • Banking arrangements
    • Insurance matters
    • Staff
    • Health and safety
    • Complaints procedures
    • Planned and unplanned absences
    • Education and training
    • Exit strategy / succession planning
  • Regulation
    • Working in regulated areas
    • Bonding
    • Monitoring visits
    • Complaints
    • Continued professional development
    • Anti money laundering
    • Anti bribery
    • Data Protection Sct
    • Consumer credit licence
    • Ethical considerations
    • Oversight regulators and guidance
  • Work provision
    • Marketing
    • Finding new clients
    • Finding new work
    • Buying a practice or block of appointments
  • Administration of appointments
    • Records
    • Case progression and controls
    • Legislation/SIPs/ guidance
    • Use of advisors/agents/consultants
    • Document storage and retention
  • ICAS products services and resources
  • Useful links/resources

Topics

  • Guidance
  • Insolvency

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