Insolvency Practitioner (IP) IVA Glossary

What is Insolvency Practitioner (IP)?

Person authorised by one of the chartered accountancy bodies, the Law Societies, The Insolvency Practitioners Association or the Department of Trade. The only person who may act as office holder in an insolvency proceeding.

(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.