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Written question asked by Lord Sikka (Labour) on Monday, 4 July 2022, in the House of Lords. It was due for an answer on Monday, 18 July 2022. It was answered by Lord Callanan (Conservative) on Thursday, 14 July 2022 on behalf of the Department for Business, Energy and Industrial Strategy.


Insolvency: Prosecutions

Question

To ask Her Majesty's Government whether they will publish a table showing the number of (1) civil, and (2) criminal, prosecutions brought by the Insolvency Service against insolvency practitioners for abusive practices.

Answer

Insolvency Practitioners are regulated by Recognised Professional Bodies, which are monitored by the Insolvency Service. It publishes an annual review of Insolvency Practitioner regulation on Gov.Uk. which includes details of regulatory and disciplinary sanctions issued against Insolvency Practitioners. The most recent review was published in June 2022.

In 2021 the Recognised Professional Bodies revoked the licences of four Insolvency Practitioners following regulatory and disciplinary action.


Secondary information

Type
Written question
Reference
HL1459
Session
2022-23
Subjects
Insolvency Misconduct Prosecutions
Contains statistics
Yes
Link
View this Written question on www.parliament.uk