THE INSOLVENCY PRACTITIONERS ASSOCIATION has announced that Edward Bible is its new president.
Bible (pictured) heads up the insolvency team at law firm Brethertons and is both a qualified solicitor and insolvency practitioner.
He succeeds Ernst & Young director Patrick Brazzill who stays on with the licensing and regulating body in a council position sitting on two committees; advisory and future plans and corporate consultation.
Bible said: “I am delighted to become president of the Insolvency Practitioners Association. The next year promises to be a busy one in terms of the issues facing the insolvency profession.
“My aim during the coming twelve months is to help the IPA to maintain and enhance standards, control risk and communicate effectively with creditors and the public in order to increase public confidence in the insolvency profession”.
The IPA has announced that following Bible’s one year tenure FRP Advisory partner Charles Turner will take on the presidency role relinquishing his current title of vice-president. Turner previously worked on the liquidation of one of the Enron group of companies and most recently was part of the team that secured a sale of Triumph Furniture, securing more than 200 jobs.
Following in Turner’s footsteps Begbies Traynor partner, and football specialist, Mark Fry is third in line to the presidency (taking on the role in 2014), as deputy vice-president.
Fry is national head of restructuring and insolvency at Begbies and has worked on high profile administrations and restructurings including football clubs Southampton and Bournemouth, as well as the collapse of airliner SilverJet and a FTSE 100 IT company’s reseller BDE.
Earlier this month government insolvency statistics showed that some forms of corporate insolvency such as administrations were falling. However the profession believes this is only temporary and there are many more collapses yet to come.
The deadline for entries into the profession’s awards expires tomorrow, 29 July.
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Student numbers among the main professional bodies have declined over the past four years. Simon Wright at CareersinAudit.com looks at why this might be happening and the call to action for the profession