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This Order is made in relation to a complaint that Mrs Westerman in her role as supervisor of two Individual Voluntary Arrangements (IVAs) breached the Fundamental Principle of Professional Competence and Due Care when she failed to ensure appropriate progression of both IVAs as required by paragraph 16 of SIP 3.1.
Monthly corporate and individual insolvency statistics R3 comment
Zoya Malik April 15, 2021 (Last Updated April 15th, 2021 12:48)
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“The monthly rise in corporate insolvency numbers shown in the figures published today has been driven by an increase in Creditor Voluntary Liquidations and administrations, while Company Voluntary Arrangements also increased.
“On the personal insolvency side, all three kinds of procedure increased in number compared with the previous month, while the year-on-year increase is down entirely to Individual Voluntary Arrangements, with bankruptcies and Debt Relief Orders still notably lower than this time last year.
“The economic damage caused by the pandemic is starting to be reflected in levels of insolvency, but Government support has postponed rather than prevented the true picture being shown in insolvency levels to date.
Insolvency Service targets misleading advertising
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