Insolvency Professional Agency

An Insolvency Professional Agency (IPA) is an organization authorized by a regulatory authority to oversee and regulate insolvency professionals—experts who manage companies or individuals facing financial difficulties. IPAs ensure these professionals adhere to ethical standards, follow legal procedures, and maintain quality in insolvency processes like bankruptcy and restructuring. They also facilitate training, certification, and continuous professional development. Essentially, IPAs act as a supervisory body that maintains the integrity and effectiveness of insolvency practices within the jurisdiction, ensuring fair and transparent resolution of financial distress cases.