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Insolvency News

This listing reflects all articles contained in our regulatory newsletters from the previous year until now

Displaying 1-21 of 21 results
The waiting game: changes to Insolvency Regulations
  • Article
  • 04 Dec 2025
In September 2023 the Insolvency Service released its response to the consultation on the future of insolvency regulation which set out the government’s intentions on changes to legislation. We set out what we currently know about the intended changes.
Why your next insolvency monitoring visit may be earlier than expected
  • Article
  • 04 Dec 2025
We are in the process of scheduling insolvency monitoring visits for the first few months of 2026. A number of insolvency practitioners (IPs) have responded to say the proposed timing is earlier than they expected. We would therefore like to remind IPs how our review cycle is set and what factors may bring forward your visit date.
INSSight: The Insolvency Service’s internal case management system explained
  • Helpsheets and support
  • 27 Nov 2025
The Insolvency Service has introduced a case management system (INSSight) to better integrate with insolvency practitioners’ internal and external systems, automate repetitive tasks and reduce manual data entry. Find out what it entails, including what templates to use.
Joint nominee agreements for insolvency practitioners
  • Article
  • 05 Nov 2025
ICAEW and the other recognised professional bodies have worked together to develop guidance for joint nominees, both referring and receiving, helping you understand your responsibilities and ensure compliance in 2026.
Emerging risks in relation to members’ voluntary liquidations and the need for IPs to have an inquiring mind
  • Article
  • 31 Oct 2025
Increasing concerns around members’ voluntary liquidations (MVLs) underscore the importance for insolvency practitioners to conduct robust anti-money laundering checks. MVLs may be exploited to facilitate criminality, making vigilance, thorough customer due diligence and professional scepticism essential for preventing abuse.
Voluntary repayment scheme
  • Website
  • 30 Sep 2025

On 12 September 2025 a voluntary repayment scheme was launched to provide COVID scheme recipients with a ‘no questions asked’ window to repay outstanding money they were not entitled to or did not need.

The Insolvency Service has confirmed that repayment under the voluntary repayment scheme does not guarantee any protection to directors from enforcement action and that insolvency practitioners should continue to report misconduct in the usual way through the Director Conduct Reporting Service (DCRS), including whether they are aware of any repayment being made. In addition to the DCRS reporting, they should also submit a suspicious activity report where they come across support that was fraudulently obtained or used.

Where an IP becomes aware of a possible fraud outside of an insolvency situation they should report it to the appropriate authorities.

Interim guidance on the handling of car finance claims
  • Article
  • 19 Sep 2025
This interim guidance sets out the Recognised Professional Bodies’ (RPBs’) expectations on how insolvency office holders should administer potentially affected personal insolvency cases before any redress scheme is set up.
Behind closed books: AML in insolvency
  • Article
  • 19 Sep 2025
Insolvency services are designated a high risk sector for money laundering. Yet, there has been surprisingly little research into the specific risks and realities facing insolvency practitioners. We look at ongoing work by researchers at the University of Leeds, in collaboration with key stakeholders, to address this gap and identify the sector’s anti-money laundering priorities.
Changes are coming to the Official Receiver rotas for insolvency practitioner appointments
  • Website
  • 18 Sep 2025

Rotas have been restructured to align with the Insolvency Service’s Regional Centres, and eligibility will now be based on the nearest County Court Hearing Centre.

Firms already on the rota will be contacted. If you’re not currently included and wish to apply, email ip.requests@insolvency.gov.uk by 1 October 2025.

Guidance for IPs on recent High Court decision about MVLs
  • Article
  • 29 Aug 2025
The recent first instance High Court decision of Noal SCSP & Ors v Novalpina Capital LLP & Ors [2025] EWHC 1392 (Ch) contradicts the long-standing approach taken by much of the insolvency profession to Members Voluntary Liquidations (“MVL”). Read guidance on what steps insolvency practitioners can take in light of the decision, ahead of the conclusion of an appeals process.
HMRC bulletin: dedicated mailbox for invoice submissions
  • Article
  • 20 Aug 2025
In HMRC’s latest bulletin for insolvency practitioners, they provide guidance on best way to contact them to avoid delays when settling invoices.
Revised Statement of Insolvency Practice 14: the Cinderella SIP?
  • Article
  • 20 Aug 2025
Insolvency practitioners will have recently been alerted to the fact that the Joint Insolvency Committee is consulting on revisions to Statement of Insolvency Practice 14 – a receiver’s responsibility to preferential creditors (SIP 14).
Updated Code of Ethics for insolvency practitioners
  • Article
  • 06 Aug 2025
Approved by the Joint Insolvency Committee and issued by ICAEW, the Institute of Chartered Accountants of Scotland and the Insolvency Practitioners Association, the main revisions, which include changes relating to professional behaviour, role and mindset, and technology.
Updates to IGP: Dealing with complaints
  • No content type
  • 06 Aug 2025
From 1 October 2025, updates to the “Insolvency Guidance Paper: Dealing with complaints” will take effect. Read about what’s changed.
Just launched: Insolvencybites – our new bitesize training video series
  • Website
  • 20 Jun 2025

Our new series of short, focused videos created to help insolvency practitioners stay on top of key regulatory topics is now available and can be used to support your CPD.

Proposed changes to SIP14: A Receiver’s Responsibility to Preferential Creditors
  • No content type
  • 11 Jun 2025
Following a review, the Joint Insolvency Committee (JIC) has decided that Statement of Insolvency Practice 14 should be updated not only to reflect the introduction of HMRC’s secondary preferential status in 2020 but also extended to apply to all types of insolvency appointment, not just receiverships and to apply in all of the jurisdictions.
HMRC request for information from insolvency practitioners
  • Website
  • 04 Jun 2025

Respond to HMRC's latest survey which focuses on insolvency practitioners' experiences with getting a repayment or refund from HMRC. By sharing your insights, you help ensure that a wide range of views from the entire sector are considered.

University of Leeds free conference 17 July: ‘Behind Closed Books: Money Laundering in UK Insolvency Proceedings’
  • Article
  • 27 May 2025
Book your place at a free conference addressing the lack of scrutiny regarding anti-money laundering implementation in the insolvency sector.
HMRC bulletin: Individual Voluntary Arrangements mailbox
  • Article
  • 16 May 2025
The introduction of mandatory email subject headings has been put in place by HMRC to help it deal with IVA enquiries as efficiently as possible. Read the bulletin for a summary of the new requirement.
Insolvency Monitoring Results 2024
  • Report
  • 26 Mar 2025
  • PDF (107kb)
In 2024, we undertook 153 reviews with our accredited insolvency practitioners. Access our infographic to see the results and outcomes of those visits plus what help and support are available.
The IRB from a new member’s perspective: diversity, debate and open minds
  • Article
  • 13 Mar 2025
ICAEW has recently announced the appointment of Sandra Mundy to its regulatory board. We talk to her about her background in insolvency, her interest in the regulatory challenges presented by artificial intelligence (AI), and her commitment to building public trust. She also offers some sound advice to people starting out in their careers.
Displaying 1-21 of 21 results