procedure for setting up insolvency practice?

[brent.os]

how do i set my own INsolvency practice up and give advise on IVA's. Whats the procedure.many thanks

[Viki.W]

Ooh, Brent, what a worthwhile job. I think once you have been an accountant for a certain amount of time (a long time!) then there are special exams you have to take for insolvency. I'm sure Melanie will be along shortly to tell you exactly. Good luck, Viki X

[MelanieGiles]

Hi Brent

Are you a Licensed Insolvency Practitioner already?

[plasticdaft]

I have enough trouble coping with my own debts never mind starting a business helping other with theirs!!!!

[Moneystinks]

Lol, what a hugely rewarding job tho eh!

[8D]

[plasticdaft]

Yes,you can clearly see how underworked Melanie is what with the amount of time she has spare on her hands to help out on this forum!!!!

I am still convinced she has a clone to do half her work!!!

[Lisa2009]

I want to be an armchair IP [:D]

[MelanieGiles]

I wish plasticdaft! But I have a great team who do help me out occasionally!!

[brent.os]

[quote]Originally posted by MelanieGiles

Hi Brent

Are you a Licensed Insolvency Practitioner already?

Hi Melanie, Ive been a finance consultant for 7yrs. Have had dealing in and around IVA etc. Whats the next step for me.

[MelanieGiles]

A pretty large one to be honest. Firstly you will need to find employment in an IP practice, and then gain a number of hours experience in practical aspects of the job - not just IVAs, but in all aspects of insolvency both corporate and personal - at least five years is generally recommended.

Thereafter there are a number of pretty stiff examinations to pass as well. If you look at the R3 website there is a booklet you can download about the route to becoming an IP.

[brent.os]

Okey Dokey,

Many thanks for the insight and the advise.
I will let you know how I get on.

Thanks again, you just cant beat experience.

Enjoy the rest of your week.

Kind Regards

Brent