• developing professional standards;
• creating insolvency qualifications;
• widening access to insolvency knowledge and understanding, and encouraging those involved in insolvency case administration and insolvency-related work to acquire and maintain appropriate levels of competence and skills; and
• leading the debates on current issues such as regulation and IP qualifications; consumer overindebtedness, advice and solutions; company administrations and the use of "pre-packs" to rescue businesses; and the need for profession-wide procedures and structures for reporting unprofessional, unethical, improper and unfair practices.

Our IPs are:

• authorised in relation to formal insolvencies on the basis of extensive experience and having passed exacting insolvency examinations;
• required to maintain their knowledge and understanding through accredited continuing professional development programmes; and
• subject to ongoing monitoring, an annual review of their authorisation and three-yearly inspections focussed on professional standards, quality and value.

Our IPs are able to:

• advise on, and undertake appointments in, all formal insolvency procedures – both personal (bankruptcies, sequestrations, individual voluntary arrangements and trust deeds) and companies and partnerships (liquidations, company and partnership voluntary arrangements, administrations and administrative receiverships);
• advise on, and act in, informal re-scheduling of debts, reconstructions and reorganisations for individuals and businesses facing financial difficulties.