Recognised Professional Body IVA Glossary

What is Recognised Professional Body?

An organisation approved by the Secretary of State as being able to authorise its members to act as insolvency practitioners. A body may be recognised if it regulates the practice of a profession and maintains and enforces rules for securing that such of its members as are permitted by or under the rules to act as insolvency practitioners-

  • are fit and proper persons so to act, and
  • meet acceptable requirements as to education and practical training and experience.

(Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)

The above is provided as information only. does not provide debt advice. You must always seek professional advice before taking any action to resolve your debts.