A new report form the All-Party Parliamentary Group for Fair Business Banking has found "evidence of intimidation, deception, dishonesty and even misappropriation of assets, all involving IPs supposedly performing their court-appointed functions." The APPG proposes establishment of a single regulator with an ombudsman to replace the existing recognized professional bodies. They also call for the Insolvency Code of Ethics to become statutory.
September 16, 2021
