An Insolvency Practitioner, also known as an IP, is someone licensed and authorised to act on behalf of and provide advice to companies, organisations and individuals when they are facing financial difficulties. Licensed IP’s can advise on all formal insolvency procedures including liquidations, company voluntary arrangements, administrations, receivership’s, bankruptcy and individual voluntary arrangements. In order to become a licensed insolvency practitioner, an individual must pass the Joint Insolvency Examination Board (JIEB) set of examinations and …