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I was just reading the IPA Form SM1 *Application for Student Memvbership" about people wishing to become IPs. I notice that you have to declare (not surprisingly!!!!!!) whether you have ever been the subject of IVA / CVA / BR proceedings. Does anyone know if you answer "yes" then you are permanently barred from applying? I can see on the one hand why you might well not be considered suitable but - on the other hand - it WOULD give valuable experience if you meet the other criteria!!!

I have absolutely NO intention of applying by the way (!) but am just curious.
Any ideas anyone??

I've got no idea Optimist, but I think it would be a good thing if someone who has been in that situation could apply - they would really understand what their clients were going through. I wouldn't want to do it either!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

Skippy -

On reflection I suppose that anyone just starting out on the career path with a view to entering the IP / Accountancy and related fields would probably be too young to have experienced an IVA or BR anyway!!!

I was just wondering if there is a timescale where the professional bodies in the financial field would view an applicant as a "reformed" character!!!

Most people who look to qualification as an Insolvency Practitioner tend to be a little older, as you do need years of experience before applying.

There is no bar to becoming a student, however, if you have been insolvent, and I have actually done an IVA for another IP in my previous life! But bankruptcy would preclude an IP from practising, and then application would have to be made to the regulatory body for a new licence.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

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