{"id":3852,"date":"2014-01-24T11:00:37","date_gmt":"2014-01-24T11:00:37","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=3852"},"modified":"2020-10-20T11:15:11","modified_gmt":"2020-10-20T10:15:11","slug":"can-i-trust-my-ip","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/can-i-trust-my-ip\/","title":{"rendered":"Can I trust my Insolvency Practitioner?"},"content":{"rendered":"\n

When your finances are in a bad way, the importance of getting good \nadvice is impossible to overstate. If bankruptcy is a threat, or if \nyou\u2019re looking to use such measures as Individual Voluntary \nArrangements, then you\u2019ll be looking to use the services of an Insolvency Practitioner or IP<\/strong>.<\/p>\n\n\n\n\n\n\n\n

IPs are required to be licensed in order to practise in the UK. This \nmeans that anyone working as an IP legally has proven their knowledge \nand professionalism with regard to acting in matters of insolvency and \nbankruptcy.<\/p>\n\n\n\n

The practise is regulated and monitored by the Insolvency Practitioners\u2019 Association<\/strong>, who also dictate the standards and practices that are maintained within the discipline as a whole.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

One of the roles that the IPA fulfils is licensing IPs to carry out \ntheir duties. IPs who are members of the IPA can therefore be assumed to\n perform their duties to a high level of professionalism.<\/p>\n\n\n\n

As well as being the only people who can carry out certain legal \nprocesses relating to insolvency and bankruptcy, Insolvency \nPractitioners are also the best people to advise you if you\u2019re in this \ntype of situation.<\/p>\n\n\n\n

If your finances are out of control, the decisions you make are \nhugely important, and the value of getting sound, trustworthy advice is \nimmeasurable. In short, you can trust the advice that a licensed IP will\n give you, as it is their primary responsibility to ensure that you are \ngiven whatever protection the law affords you in difficult financial \ncircumstances.<\/p>\n\n\n\n

When you consult an IP, the first thing they will do is attempt to \nget a sound overall picture of your finances. They will then be able to \ninform you of your options, explaining the consequences of each, and \nadvise you as to which of these are most likely to help your long term \nsituation.<\/p>\n\n\n\n

IPs may suggest measures such as IVAs, which can help people to get \non top of debts that have become unmanageable while avoiding bankruptcy.\n If you do use an IVA, your IP will also be responsible for \nadministering and monitoring it, and will handle any necessary \nnegotiations with your creditors on your behalf.<\/p>\n","protected":false},"excerpt":{"rendered":"

When your finances are in a bad way, the importance of getting good advice is impossible to overstate. If bankruptcy is a threat, or if you\u2019re looking to use such measures as Individual Voluntary Arrangements, then you\u2019ll be looking to use the services of an Insolvency Practitioner or IP.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2,7],"tags":[],"class_list":["post-3852","post","type-post","status-publish","format-standard","hentry","category-bankruptcy-articles","category-iva-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/comments?post=3852"}],"version-history":[{"count":1,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3852\/revisions"}],"predecessor-version":[{"id":3862,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3852\/revisions\/3862"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=3852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=3852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=3852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}