Statements of Insolvency Practice, known as ‘SIPs’ are issued to insolvency practitioners with a view to maintaining standards by setting out required practice and harmonising practitioners’ approach to particular aspects of insolvency.
The purpose of SIPs is to outline basic principles and essential procedures with which insolvency practitioners are required to comply.
| Document | View/Download |
|---|---|
| Statement Of Insolvency Practice 1 – An Introduction to Statements of Insolvency Practice |  |
| Statement Of Insolvency Practice 2 – A Liquidators Investigation Into The Affairs of an Insolvent Company | |
| Statement Of Insolvency Practice 3 – Voluntary Arrangements (for cases commencing prior to 1 July 2014) | |
| Statement Of Insolvency Practice 3.1 – Individual Voluntary Arrangements (for cases commencing 1 July 2014 to date) | |
| Statement Of Insolvency Practice 3.2 – Company Voluntary Arrangements (for cases commencing 1 July 2014 to date) | |
| Technical Release 5 – Non-Preferential Claims By Employees Dismissed Without Proper Notice By Insolvent Employers | |
| Technical Release Practice 6 – Treatment Of Directors’ Claims As ‘Employees’ In Insolvencies | |
| Statement Of Insolvency Practice 6 – Decision Making in Insolvency Proceedings (6 April 2017) | |
| Statement Of Insolvency Practice 7 – Preparation of Insolvency Office Holders Receipts and Payments Accounts | |
| Statement Of Insolvency Practice 9 – Payments to insolvency office holders and their associates from an estate (Effective 1st April 2021) | |
| Statement Of Insolvency Practice 9 – Remuneration of Insolvency Office Holders (1 December 2015) | |
| Statement Of Insolvency Practice 9 – Remuneration of Insolvency Office Holders (1 November 2011) | |
| Statement Of Insolvency Practice 9 (Interim) – Remuneration of Insolvency Office Holders | |
| Statement Of Insolvency Practice 10 – Proxy Forms | |
| Statement Of Insolvency Practice 11 – The Handling of Funds in Formal Insolvency Appointments | |
| Statement Of Insolvency Practice 11 – The Handling of Funds in Formal Insolvency Appointments (effective from 1 January 2018) | |
| Statement Of Insolvency Practice 12 – Records of Meetings in Formal Insolvency Proceedings | |
| Statement of Insolvency Practice 13 – Disposal of Assets to Connected Parties in an Insolvency Process (from 1 December 2016) | |
| Statement Of Insolvency Practice 13 – Acquisition of Assets of Insolvent Companies By Directors | |
| Statement Of Insolvency Practice 14 – A Reciever’s Responsibility to Preferential Creditors | |
| Statement of Insolvency Practice 15 – Reporting and Providing Information on Their Functions to Committees and Commissioners (1 March 2017) | |
| Statement Of Insolvency Practice 15 – Reporting and Providing Information on Their Functions to Committees in Formal Insolvencies | |
| Statement Of Insolvency Practice 16 – Pre-Packaged Sales in Administrations (1 November 2015) | |
| Statement Of Insolvency Practice 16 – Pre-Packaged Sales in Administrations (1 November 2013) | |
| Statement Of Insolvency Practice 16 – Pre-Packaged Sales in Administrations | |
| Statement Of Insolvency Practice 17 – An Administrative Receiver’s Responsibility for the Company’s Records | |
