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|IPA issues first new specialist Insolvency Licence|
|Wednesday, 25 May 2016|
In October 2015 the Government’s Deregulation Act opened up the insolvency licensing regime to greater competition and flexibility by catering for practitioners who choose to specialise in either personal or corporate insolvency work.
The IPA decided to begin setting separate papers in personal and corporate insolvency in the CPI exams, which the IPA designed and launched to meet the needs of its member, some while ago in anticipation of this move, and has welcomed the new provisions and embraced the change by inviting partial licence applicants.
IPA Council member and Past President, Mark Sands, said: "I am extremely pleased to announce that the IPA has this week issued the first personal insolvency licence to an applicant in the south of England. This is the first such licence and enables our members to focus on their specific area of expertise, be it personal or corporate insolvency.”
The new licence holder, Jennifer Ellyatt said: “Having specialised in personal insolvency for the last 3 years after many years with a mixed portfolio of cases I am delighted to have been granted this ground breaking first licence.”
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