Insolvency practitioner sanctions: Nicholas Payne 20 July 2020
On 20 July a disciplinary consent order was made against Nicholas Payne, of Payplan Bespoke Solutions Ltd
Documents
Details
This Order is made in relation to a complaint that Mr Payne, in his roles as nominee of an Individual Voluntary Arrangement (IVA), breached Statement of Insolvency Practice (SIP) 3.1 when he failed to assess whether the IVA was appropriate and viable in the circumstances.
Accordingly, Mr Payne was found liable to disciplinary action under the IPA’s Articles of Association.