It goes without saying that Insolvency Practitioners must behave honestly and with integrity in all their professional dealings. IPs must handle money and assets in a way which justifies the trust placed in them. An IP caught overcharging or misusing assets should, rightfully, expect a severe sanction after an investigation by their regulator. But the extent to which a regulator’s jurisdiction extends beyond an IP’s professional role, and into his or her private life, may come as a surprise.
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