Insolvency Guidance Papers – IGPs
Insolvency Guidance Papers (IGPs), planned to be no more than 2-3 pages, are just that – guidance. They are intended to cover matters where it is not seen to be appropriate or necessary for there to be a Statement of Insolvency Practice (SIP) imposing mandatory standards or methods of work, but where the Recognised Professional Bodies and The Insolvency Service consider there might be some improvements in approach and that Insolvency Practitioners (IPs) could benefit from additional guidance, so that greater consistency can be achieved. IPs may already have or may develop different approaches to IGP matters; but IGPs should still provide a useful reminder of and benchmark for dealing with insolvency work and practice administration.
IGPs are not intended to replace SIPs, which set out required practice which IPs should follow.
IGP Control of Cases (issued July 2005)
IGP Succession Planning (issued July 2005)
IGP Bankruptcy The Family Home (issued October 2005)
IGP Control of Accounting Records (issued 14 March 2006)
IGP Dealing with Complaints (issued 1 October 2009)
IGP Retention of Title (issued 10 November 2014)