The exam from the
Practitioners Association comes as the economic crisis fuels demand for
personal insolvency specialists.
About 2,000 insolvency practitioners recently sat the exam, which focuses
only on personal insolvency. It was originally intended to work alongside the
Insolvency Service’s proposed voluntary arrangement practitioner qualification,
which would have separated insolvency licences into corporate and personal
However, the Insolvency Service withdrew the simplified individual voluntary
arrangements proposals, which were targeted at the UK’s poorest debtors and
included the amended qualification.
The Insolvency Service said another scheme – IVA Protocol – which caps
insolvency fees and was introduced earlier this year, meant there was no need
for a separate SIVA category.
The decision was criticised by IPs who said scrapping the proposed
qualification would make poor consumers rely more on unregulated debt advisers.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children