Insolvency practitioner
A person licensed to act in formal insolvency appointments such as liquidator, administrator, trustee in bankruptcy or IVA supervisor.
Related terms
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Licensed insolvency practitioner
An insolvency practitioner authorised by a recognised professional body or other competent authority to accept formal insolvency appointments.
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Insolvency proceedings
Formal legal processes connected with insolvency, including bankruptcy, liquidation, administration and other statutory procedures.
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Insolvency Act 1986
The principal legislation governing many company and personal insolvency procedures in England, Wales and, in parts, Scotland.
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