Help the IPA formulate its response to the Government Call for Evidence: Review of the Personal Insolvency Framework
IPA Insolvency Practitioner newsletter, September 2022
Contents
- Samantha Keen, President
- SARs Reporter Booklet
- HMRC information
- Join us for the final three IPA Roadshows this autumn
- Don’t miss the 14th Personal Insolvency Conference
- Celebrate the winners of the IPA Awards – book now for the Awards Reception on 9th November
- IPA Learning – next date announced
- Nominate someone who has made an outstanding achievement in the insolvency profession over the last year – Awards nominations open until 30th September
- Exclusive discounts on training from the IPA and our partners – make savings on essential CPD
- Membership and licence renewals
- NEW member benefit: save money on your airport parking with APH! (Member login required to view)
- Need new IT products? Claim exclusive IPA membership offers from Dell
- CPI training with BPP – special offer for IPA members (member login required to view)
- IPA exclusive industry update from Insolvency Insider
You may be aware that on 5 July 2022, the Insolvency Service launched a Call for Evidence (CfE) to initiate a full review of the personal insolvency framework in England and Wales (personal insolvency being a devolved function within Scotland and Northern Ireland). The CfE closes on 24 October 2022. The IPA would appreciate your contributions to formulating its response and would encourage you to consider the proposals in detail and participate in the consultation itself.
The CfE is wide ranging and starts from fundamental concerns such as whether the balance between debt forgiveness and repayment, as manifested in the current regime, is the right one. It also recognises that the current system, largely introduced nearly forty years ago, evolved in an environment where a large majority of personal insolvencies were the result of business failure whereas now the majority are the result of consumer debt.
Accordingly, the CfE seeks views on the underlying purpose of the personal insolvency framework, how it should operate and be funded, and what motivates debtors in choosing particular solutions rather than others.
The IPA would appreciate your contributions to formulating its response and would encourage you to consider the proposals in detail and participate in the consultation itself.
A summary of the CfE questions can be accessed here for your consideration, and we would be grateful for your comments on any or all the questions and/or on the personal insolvency framework generally. The CfE itself can also be accessed here.