The IPA, formally constituted as a company limited by guarantee, is a membership body for those in insolvency practice; those engaged in insolvency related work; and those with an interest in insolvency.
Our principal aim is to promote and maintain standards of performance and professional conduct amongst those engaged in insolvency practice. We also look to encourage wider knowledge and understanding of insolvency within and outside the insolvency profession through access to our examinations, qualifications and membership and through exposure and discussion of insolvency issues which affect the profession, its stakeholders and the general public.
We have some 2,200 individual and firm members and students: we have recently widened access to affiliate membership (AIPA) and introduced a new category of affiliate firm membership for those practices, businesses and organisations which are involved in insolvency related work.
Authorised Insolvency Practitioners (IPs)
We are the second largest, in terms of the number of insolvency practitioners (IPs), of the professional bodies recognised for the purposes of authorising IPs under the Insolvency Act 1986: we authorise some 525 IPs of whom around 450 take insolvency appointments.
Joint Insolvency Examination
We are one of the entry bodies for the Joint Insolvency Examination (JIE) which is required for those who wish to become an IP. There are some 200 students sitting the JIE each year.
Certificate of Proficiency in Insolvency
We have developed and administer the Certificate of Proficiency in Insolvency Examination (CPI) and the Ceritificate of Proficiency in Personal Insolvency Examination (CPPI) aimed at those involved in insolvency administration or insolvency related work, or indeed anyone else who has an interest in knowing more about insolvency, leading to a qualification which is recognised throughout the insolvency profession and now more widely in related fields of work. We have around 300 students sitting the CPI/CPPI each year.
Fixed Charge Receiver Registration Scheme
We have also developed and jointly administer with the Royal Chartered Institute of Surveyors a fixed charge receiver registration scheme for those specialising in fixed charge receiverships which fall outside the statutory framework for which an insolvency authorisation is required. There are some 100 members of the registration scheme.
Debt Resolution Forum
We have been instrumental in establishing the Debt Resolution Forum which will set, monitor and regulate standards for those involved in providing non-statutory advice and debt solutions – a scheme which will sit alongside the framework for the regulation of IPs in relation to statutory solutions, that is bankruptcy and individual voluntary arrangements.
We publish the Insolvency Practitioner magazine.
Insolvency Courses and Technical Bulletins
We have access to a full range of insolvency courses and technical publications provided by the profession's trade body, the Association of Business Recovery Professionals (ABRP, but more usually known as R3 – Rescue, Renewal and Reconstruction), and by other bodies and organisations.
Meetings and Conferences
We hold members meetings around the country to discuss regulatory, procedure and practice issues; and have members conferences which are complimented by technical conferences and courses arranged for the insolvency profession by the Association of Business Recovery Professionals R3.
We organise or support a number of evening events each year for insolvency professionals.