Pre-packs and SIP 16
This course looks at why you might do a pre-packaged sale (a pre-pack) out of an insolvency, how best to structure one, and how to apply in practice the SIP 16 requirements.
Description
The noise around pre-packs continues. Used in the context of administration, a pre-packaged sale out of an insolvency often gives the best return to creditors. Not all creditors are convinced however, and the UK Government keeps a watching brief on pre-pack use and abuse.
So how do you best protect yourself as an IP, while ensuring that creditors are getting the best possible outcome?
SIP 16 sets out the framework and the principles to which we should adhere, and this course looks at why you might do a pre-pack, how best to structure one and how to apply in practice the SIP 16 requirements.
CPD Learning Outcomes
- What is a pre-pack?
- Advantages and disadvantages of a pre-pack
- Reasons for a pre-pack
- Structuring a pre-pack
- SIP 16 principles applied in practice
- Government oversight and implications
- Alternatives to a pre-pack
Who Should Attend
This course is aimed at licenced Insolvency Practitioners and their staff, who are looking for a comprehensive introduction or update on pre-packs and best practice.
Cost
Half day course: £165 + VAT per delegate
50% reduction for third delegate booking the course.