Resignation or retirement of insolvency office-holders—procedural checklist for IVAs/CVAs, liquidations (compulsory and voluntary), administrations, receiverships and bankruptcies; includes monitor replacement under CIGA 2020

Published by a LexisNexis Restructuring & Insolvency expert

Checklists

The circumstances in which an incumbent office-holder needs to resign from their appointment are:

ill-health
retiring as, or stopping practice as, a licensed insolvency practitioner (IP)
a conflict of interest, or a shift in personal circumstances, that prevents or renders impracticable the continued performance of duties

Examples include curtailment or withdrawal of the IP’s licence to act, the IP changing firm with appointments not transferring, or alternative arrangements being put in place for those appointments.

This Checklist should be read alongside the Checklist on the block transfer of office-holder appointments: Procedure for block transfers of office-holder appointments—checklist, as a block transfer order can often be the speediest and most economical means of addressing the situation.

Further guidance appears in the Practice Note: Block transfer orders—the law and practice.

An office-holder can also be displaced by creditors, which may need to be factored in. For more detail, see: Removal of an office-holder—checklist.

While the various insolvency regimes share broadly comparable resignation rules, this Checklist sets out the steps to follow in each case. The processes addressed are:

voluntary arrangements...

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Web page updated on 20/05/2026

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