Creditor Guides
Statement of Insolvency Practice 9 (SIP) is one in a series of guides issued to licensed insolvency practitioners with a view to maintaining standards by setting out required practice and harmonising practitioners' approach to particular aspects of insolvency.
Statement of Insolvency Practice 9 (SIP)
Providing you with the best possible service and support is of the highest importance to Hodgsons. Our team take seriously the responsibility and trust you place in them to look after your needs. To show complete transparency, we detail here the purpose of SIP for your information, a guide we work to, to ensure certain industry standards and expectations are adhered to.
You can also access SIP guides available on the right hand side of this page.
The purpose of this SIP is to:
- Ensure that members are familiar with the statutory provisions relating to office holders' remuneration.
- Set out required practice with regard to the observance of the statutory provisions.
- Set out required practice with regard to the provision of information to those responsible for the approval of fees to enable them to exercise their rights under the insolvency legislation.
- Set out required practice with regard to the disclosure and drawing of disbursements.