Section 389

A person who acts as an insolvency practitioner in relation to a company or an individual at a time when he is not qualified to do so is liable to imprisonment or a fine, or to both. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . This section does not apply to the official receiver or the Accountant in Bankruptcy (within the meaning of the Bankruptcy (Scotland) Act 2016)..

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Source: legislation.gov.uk · retrieved 2026-09-04