Page 1 of 1
Posted: Fri Nov 25, 2016 3:54 pm
by hubert
Probably one for the experts but does having been in an IVA preclude one from becoming an Insolvency Practitioner?
The experience gained at the sharp end of being in an IVA would, I think, be valuable for dealing with clients and understanding how they feel and what they face.
Posted: Fri Nov 25, 2016 3:59 pm
by luluj
I have often thought of taking this route myself after our experiences in our iva and knowledge etc. It is a professional industry which I believe requires alot of hard work and qualifications. Be interested to see what the experts say
Posted: Fri Nov 25, 2016 4:01 pm
by kallis3
I don't think it does but, as Luluj says, it takes a lot of study and exams - you could think of being a debt counsellor for something like Stepchange or even your local CAB.
Posted: Fri Nov 25, 2016 4:04 pm
by kallis3
Posted: Fri Nov 25, 2016 7:21 pm
by hubert
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by luluj
I have often thought of taking this route myself after our experiences in our iva and knowledge etc. It is a professional industry which I believe requires alot of hard work and qualifications. Be interested to see what the experts say
Well perhaps a joint venture?
Posted: Fri Nov 25, 2016 7:41 pm
by Michael Peoples
It is very difficult to qualify as an IP as the exams cover personal and corporate insolvency. I have worked for McCambridge Duffy for 18 years and would not contemplate being an IP [possibly too lazy or too old]. However, personal experience of personal insolvency is invaluable and there are other jobs like mine which are extremely rewarding.
Posted: Fri Nov 25, 2016 7:46 pm
by Foggy
I would like to be in a job where I can get my hands on peoples full circumstances and see the paperwork in order to mediate between debtor and IP ... but, like Michael, I am too old and too lazy to train to become an IP.
Posted: Sat Nov 26, 2016 10:33 pm
by tinkerbell96
Try being a case worker then foggy, you wouldnt want it as a career!!!
Posted: Sat Nov 26, 2016 10:39 pm
by kallis3
Depends on who you work for! Becoming an IP is hard work and needs lots of qualifications.
Posted: Sun Nov 27, 2016 9:46 am
by Foggy
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by tinkerbell96
Try being a case worker then foggy, you wouldnt want it as a career!!!
ha Ha -- Tink ... I have been far worse in my time [:)]
Posted: Sun Nov 27, 2016 11:49 am
by Radish
I found that my IP where pretty tough with me - but that cant always be a bad thing? Sometimes a firm hand is better then trying to find an easy solution that isn't there? I'd be terrible at the other side of it to be honest haha
Posted: Mon Nov 28, 2016 10:11 am
by Lisa Thomas
I haven't heard that an IVA precludes you from being an IP (on top of all the other hurdles) but I suspect it will lie with which giverning body they choose - I think there are about 8 at the moment. I know you can't be an IP whilst you are bankrupt.
The IVA might affect the insurance bond and send the prices through the roof and they are high enough already.
Suggest the individual has an anonymous chat with a few of the governing bodies.
I'm with the ICAEW.
This link might be useful:
http://www.icaew.com/en/technical/insol ... actitioner