AN INDEPENDENT BODY should be created to review the fees charged by insolvency practitioners, according to debt recovery business Daniels Silverman.
The firm saw “regular instances” of poor service provided by insolvency practitioners to its clients owed funds by insolvent individuals and businesses, reported CPI Financial.
“Often when a business goes bust any dividends received by unsecured creditors (if there are any) are lower than they should be as a result of high IP fees and assets being sold under value, or because action is taken by IPs to favour the secured creditors,” said Daniels Silverman MD Carole Hughes.
The government is reviewing the governance of the insolvency profession.
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Accountancy Age's new survey reveals accountants' concerns about auto enrolment; and the latest on the growing accounting empire chaired by John Connolly
The ACCA has today unveiled major innovations to its masters level qualification.