insolvency practitioner
An individual authorised under the Insolvency Act 1986 to act in insolvency matters, appointed either by a recognised professional body or relevant authority.

Easyform Glossary of Law Terms. — UK law terms.


insolvency practitioner
A person acting, in relation to a company, as its liquidator, provisional liquidator, administrator or administrative receiver or as a supervisor of a company voluntary arrangement. Only persons qualified to act as insolvency practitioners under the Insolvency Act 1986 may act. In order to qualify, an insolvency practitioner must be an individual who is authorised to act as an insolvency practitioner by a recognised professional body, which has practice rules specifying the matters to be taken into account in deciding whether a person is fit and proper to act as an insolvency practitioner. In practice, insolvency practitioners are almost always accountants.
For further information, see the Insolvency Service website: .
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

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