Committee of Insolvency Practitioners

The Committee of Insolvency Practitioners is a professional body responsible for overseeing and supporting licensed insolvency practitioners who manage financial failures, bankruptcies, and corporate restructuring. Its main roles include setting ethical standards, monitoring practitioners' performance, and ensuring compliance with legal regulations. By fostering best practices, the committee aims to protect the interests of creditors and debtors, enhancing trust in the insolvency system. The committee also offers training and resources to practitioners, helping them navigate complex financial situations effectively. Overall, it plays a crucial role in maintaining the integrity of insolvency practices.