Transparency data

Insolvency practitioner sanctions: Laura Prescott 24 January 2024

On 24 January 2024 a Disciplinary Consent Order was made against Laura Prescott of Debt Movement UK

• From: The Insolvency Service
• Published: 24 May 2024

Applies to England, Scotland and Wales

Documents

Disciplinary consent order Laura Prescott

ODT, 33.1 KB

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Details

Summary of complaint

This Order is made in relation to an allegation that Ms Prescott, in her role as Supervisor of an Individual Voluntary Arrangement (IVA) and/or staff for whom she was responsible, breached the fundamental principle of Professional Competence and Due Care of the Insolvency Code of Ethics when she: 

• failed to respond to the debtor’s payment proposal in June 2022 to clear the arrears that had accrued from December 2021; and/or
• failed to acknowledge and/or correctly allocate the contributions made by the debtor in line with her own payment proposal from July 2022 to November 2022.

Published 24 May 2024