Creditors Guides

Licensed insolvency practitioners are regulated by authorising bodies such as the Institute of Chartered Accountants in England & Wales or the Insolvency Practitioners Association. Statements of Insolvency Practice (SIPS) and Guides to fees charged in various formal insolvencies (Guides to Fees) have been drawn up by those bodies. Creditors’ guides to fees charged by insolvency practitioners are available for Voluntary Arrangements, Administrations, Creditors Voluntary Liquidations and Bankruptcies below and at

Statements of Insolvency Practice (SIPs) England and Wales

Statements of Insolvency Practice (SIPS)

SIPs are a series of guidance notes issued to licensed insolvency practitioners with a view to maintaining standards by setting out required practice and harmonising practitioners’ approach to particular aspects of insolvency. SIPs are issued under procedures agreed between the insolvency regulatory authorities acting through the Joint Insolvency Committee (JIC). They been approved by the JIC and adopted by each of the regulatory bodies listed in the introduction to each SIP.

Statements of Insolvency Practice (SIPs) England and Wales