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The ICAEW Certificate in Insolvency covers four key areas to ensure that students have a good grounding in the fundamentals of insolvency work and provides a basis for progression to a more advanced qualification in insolvency.

Specification grid

This grid shows the relative weightings of subjects and should guide the relative study time spent on each area.

Syllabus area Weighting (%)
The legal and regulatory framework for insolvency 15
Concepts and principles of insolvency 25
Corporate insolvency 40
Personal insolvency 20
Total 100

Legal and regulatory framework for insolvency - English law

  • Insolvency legislation and regulatory requirements
  • Role of courts
  • Joint Insolvency Committee
  • Statements of Insolvency Practice (SIPs)
  • Qualification requirements to be a licensed insolvency practitioner
  • Professional ethics

Concepts and principles of insolvency

  • Definition of insolvency
  • Types of insolvency
  • The insolvency practitioner
  • Impact on employees, creditors and other affected parties
  • Assets and transactions
  • Statement of affairs, other reports and estate accounting

Corporate insolvency

  • General concepts and processes
  • Voluntary liquidations (members and creditors)
  • Compulsory liquidations
  • Company voluntary arrangements (CVAs) and schemes of arrangement
  • Administration
  • Administrative and other receiverships
  • Turnaround and restructuring

Personal insolvency

  • General concepts and processes
  • Individual voluntary arrangements (IVAs)
  • Bankruptcy
  • Insolvent partnerships
  • Other solutions to personal insolvency problems (statutory and non-statutory)
Course syllabus

The ICAEW Certificate in Insolvency syllabus covers everything an aspiring insolvency and restructuring professional needs to know.

ICAEW Certificate in Insolvency current syllabusICAEW Certificate in Insolvency syllabus for exams from 1 July 2025
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