This Order is made in relation to a complaint that Mr Sadler breached the fundamental principle of Professional Competence and Due Care when;
he failed in accordance with Schedule 2 Part 2 of the Insolvency Practitioner Regulations 2005 (as amended)
- to ensure that there was a bond in force in respect of numerous insolvent estates over which he was appointed;
- to send the bordereaux returns referred to in 1) above to the IPA, and
he failed to respond to correspondence from IPA and/or address the concerns raised in relations to the above.
Accordingly, Mr Sadler was found liable to disciplinary action under the IPA’s Articles of Association.