Transparency

Transparency in Insolvency Proceedings

Transparency in insolvency proceedings appears a cardinal principle for any office-holder:

The Civil Service Code (CS Code) (which seems applicable to the Insolvency Service) arising from Section 5 of the Constitutional Reform and Government Act 2010; appears replete with references to and inferences conceivably capable of being drawn, of the principle of fairness to be deployed.

The CS Code says as follows:

“… and handle information as openly as possible within the legal framework”

In the case of Insolvency Practitioner Code of Ethics a similar principle appears broadcast:

“… an Insolvency Practitioner in the role as office holder has a professional duty to report openly to those with an interest in the outcome of the insolvency.”

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