Appointment
Usually accountants take appointments but in a small number of cases solicitors have been appointed. Accountants are appointed for all procedures relating to companies including insolvency procedures relating to insurance companies.
Qualifications
There are no separate qualifications for an individual to take an insolvency appointment. There are, however, a number of legal
disqualifications set out in the Companies Acts 1963–2009 as amended, namely appointments may not be accepted by corporate bodies, by an undischarged bankrupt, by a member of the firm
of the company’s auditors or by a person connected with the company or its officers.
