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The Role and Regulation of Insolvency Practitioners in the United Kingdom


If you’re considering closing your company or dealing with business debt, chances are you’ve come across the term “insolvency practitioner” or IP for short. But what exactly do they do, and how are they regulated?

In this blog, we’ll walk you through the key responsibilities of insolvency practitioners, how they are licensed, what standards they must follow, and why it’s so important to choose the right one. Whether your business is facing financial difficulty or you’re just weighing up your options, understanding the role of an IP can help you make the best decisions for your situation.

An insolvency practitioner is a qualified professional authorised to handle formal insolvency processes in the UK. This includes dealing with both solvent and insolvent companies, as well as individuals who may be facing personal bankruptcy.

In simple terms, an insolvency practitioner steps in when a business or person cannot pay their debts and needs legal and structured help to resolve the situation. Their role is to act in the best interests of creditors, make sure the law is followed, and ensure that assets are dealt with fairly and properly.

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Target Nation: All Nations
Target City : Norwich
Last Update : 19 November 2025 10:56 AM
Number of Views: 4
Item  Owner  : Jamie Playford
Contact Email:
Contact Phone: 08002465895

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