Appointment
There are several types of insolvency proceedingsand anyone may administer an insolvency proceeding. There is, however, a list of courtappointed trustees in bankruptcy, most of whom are chartered accountants. There is also a list of people pre-approved for appointment as provisional liquidator and deemed official receiver by the court and again these are
normally chartered accountants. The same IPs would be appointed for debtor insurance companies.
Qualifications
There are no stated qualifications but only individuals can undertake liquidations. In practice, liquidators and receivers are usually chartered accountants or advocates.
Location