Apply for this licence

Start now on the Department of Enterprise, Trade and Investment (DETI) website

Overview

To act as an insolvency practitioner in Northern Ireland, you must be a member of and authorised by a recognised professional body or hold an authorisation granted by the Department of Enterprise, Trade and Investment (DETI).

Applications to the DETI must be on Form IA1 (55 KB) and be accompanied by a fee.

The application will only be granted if you hold the relevant educational and practical training and experience and you are classed as a fit and proper person.

You will receive a written notice if your application is successful. This will state the date on which the authorisation starts.

If your application is unsuccessful you will be given a written notice detailing the reasons for the refusal.

You have 14 days in which to make written representations to the competent authority in relation to any refusal.

Conditions

Authorisations may be withdrawn if you:

  • are found to be no longer fit and proper
  • fail to comply with any requirements under the Insolvency (Northern Ireland) Order 1989 or the Insolvency Practitioners Regulations (Northern Ireland) 2006
  • have provided any false or misleading information

You will be the insolvency practitioner for a company if you act as its liquidator, provisional liquidator, administrator, administrative receiver or as a supervisor under a company voluntary arrangement.

You will be the insolvency practitioner for an individual if you act as a trustee in bankruptcy, interim receiver, trustee under a deed of arrangement for a creditor, a supervisor of an individual voluntary arrangement or as the administrator of a deceased individual’s estate.