About Insolvency
In this section you can access information about insolvency including where to obtain advice, legislation, current government consultations, and submissions made by the Institute of Chartered Accountants of Scotland. You can contact an Insolvency Practitioner by accessing this link.
Current Insolvency Developments
Keep up to date with current developments. Consultations, ICAS submissions, changes to legislation and other developments.
Insolvency
Find out the basics about personal and corporate insolvency, gain access to guidance on insolvency processes and to frequently asked questions.
The following links provide useful information:
Insolvency Facts and Matters (FAQs)
Tips for Student Debt
Insolvency Legislation and Practice
Insolvency Practitioners are required to comply with legislation and with Statements of Insolvency Practice (SIPs) developed and issued by the authorising Bodies.
Find out the process for issuing required practice in insolvency and access relevant legislation:
Joint Insolvency Committee (JIC)
ICAS Insolvency Committee
Legislation and Statements of Insolvency Practice
Insolvency Guidance Papers (IGPs)
ICAS Code of Ethics
ICAS Code of Ethics - Part D (Insolvency Practitioners)
Insolvency Training & Courses
Only individuals who hold an insolvency licence can accept insolvency appointments. Licences can only be issued after successful completion of examinations set by the Joint Insolvency Examinations Board.
Find out how you can learn more about insolvency procedure or how you can train to become an insolvency practitioner by accessing the link at insolvency training.
Members' content
Members - Are You Facing Insolvency?
Information for members experiencing financial difficulty can be accessed here.
Legislation, ICAS Guidance and Checklists
Insolvency legislation should be accessed via the Government and Accountant in Bankruptcy websites. The ICAS Insolvency Committee periodically issues guidance on specific issues which can be found here.
Regulation and Compliance
Helpsheets aimed at assisting IPs to maintain the required standards can be accessed here.
IMPECUNIAS
The quarterly newsletter for the Insolvency and Turnaround Community can be accessed here.