Statements of Insolvency Practice (SIPs)

Statements of Insolvency Practice, known as ‘SIPs’ are issued to insolvency practitioners with a view to maintaining standards by setting out required practice and harmonising practitioners’ approach to particular aspects of insolvency.

The purpose of SIPs is to outline basic principles and essential procedures with which insolvency practitioners are required to comply.

    Document View/Download
    Statement Of Insolvency Practice 1 – An Introduction to Statements of Insolvency Practice Download
    Statement Of Insolvency Practice 2 – A Liquidators Investigation Into The Affairs of an Insolvent Company Download
    Statement Of Insolvency Practice 3 – Voluntary Arrangements (for cases commencing prior to 1 July 2014) Download
    Statement Of Insolvency Practice 3.1 – Individual Voluntary Arrangements (for cases commencing 1 July 2014 to date) Download
    Statement Of Insolvency Practice 3.2 – Company Voluntary Arrangements (for cases commencing 1 July 2014 to date) Download
    Statement Of Insolvency Practice 4 – Disqualification of Directors Download
    Technical Release 5 – Non-Preferential Claims By Employees Dismissed Without Proper Notice By Insolvent Employers Download
    Technical Release Practice 6 – Treatment Of Directors’ Claims As ‘Employees’ In Insolvencies Download
    Statement Of Insolvency Practice 6 - Decision Making in Insolvency Proceedings (6 April 2017) Download
    Statement Of Insolvency Practice 7 – Preparation of Insolvency Office Holders Receipts and Payments Accounts Download
    Statement Of Insolvency Practice 8 – Summoning and Holding Meetings of Creditors Convened Pursuant to Section 98 of The Insolvency Act 1986 Download
    Statement Of Insolvency Practice 9 – Remuneration of Insolvency Office Holders (1 December 2015) Download
    Statement Of Insolvency Practice 9 – Remuneration of Insolvency Office Holders (1 November 2011) Download
    Statement Of Insolvency Practice 9 (Interim) – Remuneration of Insolvency Office Holders Download
    Statement Of Insolvency Practice 10 – Proxy Forms Download
    Statement Of Insolvency Practice 11 – The Handling of Funds in Formal Insolvency Appointments Download
    Statement Of Insolvency Practice 12 – Records of Meetings in Formal Insolvency Proceedings Download
    Statement of Insolvency Practice 13 - Disposal of Assets to Connected Parties in an Insolvency Process (from 1 December 2016) Download
    Statement Of Insolvency Practice 13 – Acquisition of Assets of Insolvent Companies By Directors Download
    Statement Of Insolvency Practice 14 – A Reciever’s Responsibility to Preferential Creditors Download
    Statement of Insolvency Practice 15 - Reporting and Providing Information on Their Functions to Committees and Commissioners (1 March 2017) Download
    Statement Of Insolvency Practice 15 – Reporting and Providing Information on Their Functions to Committees in Formal Insolvencies Download
    Statement Of Insolvency Practice 16 – Pre-Packaged Sales in Administrations (1 November 2015) Download
    Statement Of Insolvency Practice 16 – Pre-Packaged Sales in Administrations (1 November 2013) Download
    Statement Of Insolvency Practice 16 – Pre-Packaged Sales in Administrations Download
    Statement Of Insolvency Practice 17 – An Administrative Receiver's Responsibility for the Company's Records Download