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We upload reports and updates for creditors to view and download. You will need the log in details and password, which would have been sent to you with our first communication. If you are not sure, or if you require or would simply prefer to receive a paper copy, please contact us.
There are 16 SIPs, which all insolvency practitioners are required to comply with.
SIPs supplement legislation and are generally intended to enhance the information available to creditors and codify standards of behaviour. The following SIPs are those most used by creditors and are referred to more regularly in our reports:
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SIP9 Payments to office holders and associates (all about how fees and expenses are recharged)
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SIP13 Disposal of assets to connected parties (disclosure requirements when assets are sold to (usually) directors
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SIP15 Reporting and functions of committees (essential reading for any creditor interested in forming a committee)
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SIP16 Pre-packaged sales in administration (reporting guidance following a sale of assets shortly after administration)
The SIPs are updated periodically in line with case law and evolving best practice - please refer to the most recent publication.
R3 is the leading trade association for the UK insolvency profession, promoting best practice, training and a focussed platform for public and media interaction with the profession. As part of this, R3 publishes a range of guidance aimed at directors, creditors and interested parties which you may find useful.
We are not accountants, but we are licensed and regulated by the ICAEW and their website contains useful information on the profession, including the Insolvency Code of Ethics.
Useful websites and info
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