Insolvency: Prosecutions

(asked on 4th July 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government whether they will publish a table showing the number of (1) civil, and (2) criminal, prosecutions brought by the Insolvency Service against insolvency practitioners for abusive practices.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 14th July 2022

Insolvency Practitioners are regulated by Recognised Professional Bodies, which are monitored by the Insolvency Service. It publishes an annual review of Insolvency Practitioner regulation on Gov.Uk. which includes details of regulatory and disciplinary sanctions issued against Insolvency Practitioners. The most recent review was published in June 2022.

In 2021 the Recognised Professional Bodies revoked the licences of four Insolvency Practitioners following regulatory and disciplinary action.

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