Statements of insolvency practice (SIPs)

SIPs set principles and key compliance standards with which Insolvency Practitioners are required to comply. They are issued to Insolvency Practitioners under procedures agreed between the authorising bodies acting through the Joint Insolvency Committee.

Current and Superseded Statements of Insolvency Practice Scotland and Statements of Insolvency Practice – England & Wales can be accessed below.

Statements of insolvency practice Scotland - Current

Download Scottish Statements of Insolvency Practice Effective date
SIP 1 - An Introduction to SIPs PDF [85 KB] 1 October 2015
SIP2 - Investigations by Office Holders in Administrations and Insolvent Liquidations
PDF [131 KB]
6 April 2016
SIP3.2 - CVAs PDF [191 KB] 1 July 2014
SIP 3.3 - Trust Deeds PDF [131 KB] 1 July 2014
SIP 3.3 - Trust Deeds: Updated BSA 2016 references PDF [134 KB]30 November 2016
SIP4 - Disqualification of Directors PDF [33 KB] - applies only to insolvency proceedings commenced on or before 5 April 2016 1 September 1999
SIP5 - Issued as Insolvency Bulletin No 5
PDF [40 KB]
October 2000
SIP6 - Issued as Insolvency Bulletin No 6
PDF [18 KB]
October 2000
SIP7 - Presentation of Financial Information in Insolvency Proceedings  PDF [24 KB] 2 May 2011
SIP8 - Conduct at Meetings of Creditors held pursuant to Section 98 of the Insolvency Act 1986  PDF [52 KB] 1 February 2002
SIP9 - Payments to Insolvency Office Holders and Their Associates PDF [210 KB] 1 June 2012
SIP10 - Proxy Forms  PDF [8 KB] 1 May 1997
SIP11 - Handling of Funds PDF [77 KB] 1 June 2007
SIP12 - Records of Meetings PDF [79 KB] 1 May 1997
SIP13 - Disposal of assets to connected parties in an insolvency process PDF [202 KB]1 December 2016
SIP13 - Acquisition of Assets by Directors  PDF [20 KB] 1 August 1998
SIP14 - A Receiver's Responsibility to Preferential Creditors PDF [24 KB] 1 January 2001
SIP 15 - Reporting PDF [377 KB] 1 August 2005
[New] SIP 16 - Pre-Packaged Sales in Administrations PDF [26 KB]1 November 2015

1 November 2013
SIP17 - A Receiver's Responsibility for the Company's Records  PDF [39 KB] (re-numbered SIP 1 issued February 1998) 2 May 2011

Statements of insolvency practice England and Wales - Current

Statements of Insolvency Practice England and Wales Effective date
SIP 1 - An Introduction to SIPs PDF [85 KB] 1 October 2015

SIP 2 - Investigations by Office Holders in Administrations and Insolvency Liquidations PDF [131 KB]

6 April 2016
SIP 3.1 - Individual Voluntary Arrangements  PDF [100 KB] 1 July 2014
SIP 3.2 - Company Voluntary Arrangements  PDF [191 KB] 1 July 2014

SIP 4 - Disqualification of Directors  PDF [353 KB] - applies only to insolvency proceedings commenced on or before 5 April 2016

 

SIP 7 - Presentation of Financial Information in insolvency proceedings PDF [36 KB]

 

SIP 8 - Summoning and holding meetings of creditors convened pursuant to Sec 98 of the Insolvency Act 1986 PDF [89 KB]

 

SIP 9 – Payments to insolvency office holders and their associates PDF [156 KB]

1 December 2015

SIP 9 - Transitional Arrangements PDF [150 KB] [Valid until 1 December 2015]  

SIP 9 - Remuneration of Insolvency Office Holders PDF [199 KB]

 

SIP 10 - Proxy Forms PDF [215 KB]

 

SIP 11 -The Handling of funds in a formal insolvency appointment  PDF [20 KB]

 

SIP 12 - Records of Meetings in Formal Insolvency Proceedings PDF [295 KB]

 
SIP13 - Disposal of assets to connected parties in an insolvency process PDF [202 KB] 1 December 2016

SIP 13 - Acquisition of Assets of Insolvency Companies by Directors PDF [51 KB]

 

SIP 14 - A Receiver's Responsibility to Preferential Creditors PDF [337 KB]

 

SIP 15 - Reporting and Providing Information on their functions to committees in formal insolvencies PDF [250 KB]

 
[New] SIP 16 - Pre-Packaged Sales in Administrations PDF [26 KB] 1 November 2015

SIP 17 - An Administrative Receiver's Responsibility for the Company's Records PDF [44 KB]

Statements of insolvency practice Scotland - Superseded

Superseded Scottish Statements of Insolvency Practice Effective date
SIP 1 - An Introduction to SIPs PDF [31 KB]

SIP 1 - A Receiver's Responsibility for the Company's Records PDF [22 KB]
2 May 2011

1 February 1998

SIP 2 -Investigations by office holders in administrations and insolvent liquidations PDF [26 KB]

2 May 2011
SIP2 - Practical Guidance Notes – Scotland PDF [117 KB] 1 September 2011
SIP 2 - Liquidator's Investigation PDF [162 KB] 1 April 2007
SIP 3A - Trust Deeds  PDF [120 KB] 7 December 2009
SIP 3B - Company Voluntary Arrangements PDF [187 KB] 1 April 2007
SIP 4 - Disqualification of Directors PDF [33 KB] 1 September 1999
SIP 5 - Issued as Insolvency Bulletin No 5 PDF [40 KB] October 2000 
SIP 6 - Issued as Insolvency Bulletin No 6 PDF [18 KB] October 2000 
SIP 7 - Preparation of Insolvency Office Holders Receipts and Payments Accounts PDF [20 KB] 1 September 1999
SIP 8 - Conduct at Meetings of Creditors held pursuant to Section 98 of the Insolvency Act 1986 PDF [52 KB] 1 February 2002
SIP 9 - Remuneration of Insolvency Office Holders  PDF [325 KB] 1 April 2007
SIP 9 - Remuneration of Insolvency Office Holders PDF [275 KB] 1 February 2010
SIP 10 - Proxy Forms PDF [8 KB] 1 May 1997
SIP 11 - Handling of Funds PDF [77 KB] 1 June 2007
SIP 12 - Records of Meetings PDF [79 KB] 1 May 1997
SIP 13 - Acquisition of Assets by Directors PDF [20 KB] 1 August 1998
SIP 14 - A Receiver's Responsibility to Preferential Creditors PDF [24 KB] 1 January 2001
SIP 16 - Pre-Packaged Administrations PDF [111 KB] 1 January 2009

Topics

  • Legislation
  • Insolvency

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