- authorised insolvency practitioner
a person legally permitted to carry through certain duties in relation to an insolvency. The Insolvency Act 1986 introduced a system of licensing to ensure the professional competence and skill of insolvency practitioners in individual and corporate insolvencies. Authorisation is granted only if certain statutory requirements are met; these include membership of an approved professional body (such as the Institute of Chartered Accountants or the Insolvency Practitioners Association).
Collins dictionary of law. W. J. Stewart. 2001.
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