The insolvency practitioner is a special procedural entity in insolvency proceedings. Their main mandate is to manage the debtor’s insolvency estate and to resolve incidental and other disputes. Insolvency practitioners aim to satisfy creditors proportionally, swiftly, efficiently and to the highest degree possible.
Insolvency practitioners are duty-bound to act conscientiously and with due diligence. They are required to make every effort that may reasonably be demanded of them to satisfy creditors to the fullest possible extent. They must prioritise the common interest of creditors over their own and others’ interests.
Qualifications required to be an insolvency practitioner
Appointment of an insolvency practitioner
Appointment of a foreign insolvency practitioner
Obligations of an insolvency practitioner