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SIPs

Statements of Insolvency Practice - SIPs

SIPs have been introduced over a number of years to promote and maintain high standards by setting out required practice and harmonising the approach of Insolvency Practitioners to particular aspects of insolvency practice. They apply in parallel to the prevailing statutory framework. 

SIP 1

An introductions to SIPs


SIP 1

Administrative receiver's responsibility for the Company's records


SIP 2

Investigations by Office Holders in Administration and Insolvent Liquidations


SIP 2

Statement of Insolvency Practice


SIP 3

Voluntary Arrangements (up to 30 June 2014)


SIP 3.1

Individual Voluntary Arrangements (effective 1st July 2014)


SIP 3.2

Company Voluntary Arrangements (effective 1st July 2014)


SIP 3.3

Voluntary Arrangements - England and Wales


SIP 4

Disqualification of Directors


SIP 6

Decision making in insolvency proceedings


SIP 6

Guidance Notes


SIP 7.1

Presentation of Financial Information in Insolvency Proceedings


SIP 7.2

Preparation of insolvency office holders receipts and payments accounts


SIP 8

Summoning and holding Meetings of Creditors convened pursuant to S98 of the Insolvency Act 1986


SIP 9

Payments to Insolvency Office Holders and their Associates


SIP 9 (From April 2010)

Remuneration of insolvency office holders effective from 6th April 2010


SIP 9 (Until April 2010)

Remuneration of insolvency office holders effective until 5th April 2010


SIP 10

Proxy Forms


SIP 11

The handling of funds in Formal Insolvency Appointments


SIP 12

Records of Meetings in Formal Insolvency Appointments


SIP 13

Disposal of assets to connected parties in an insolvency process


SIP 13

Acquisition of assets to connected parties in an insolvency process


SIP 14

A Receiver’s responsibility to Preferential Creditors


SIP 15.1

Reporting and providing information on their functions to committees and commissioners


SIP 15.2

Reporting and providing information on their functions to committees in formal insolvencies


SIP 16.1

Pre-packaged Sales in Administrations [effective 2015]


SIP 16.2

Pre-packaged sales in administration


SIP 17

An Administrative Receiver’s Responsibility for the Company’s Records