Insolvency Practitioner
Manage company insolvencies and personal bankruptcies under the Insolvency Act.
This UK insolvency practitioner career guide covers what the role involves day to day, typical salary at each stage, the usual entry route, the skills employers expect, and related careers worth comparing.
Quick facts
- Starting salary
- £28,000 - £40,000
- Mid-career salary
- £55,000 - £90,000
- Senior salary
- £100,000 - £200,000+
- Work environment
- Office or hybrid
- Time to entry
- 5 - 7 years (JIEB exams)
- Degree required
- Usually required
- Category
- Business, Finance and Legal
What a Insolvency Practitioner does
Manage company insolvencies and personal bankruptcies under the Insolvency Act.
- Corporate Insolvency - Administrations and liquidations of companies.
- Personal Insolvency - IVA, bankruptcy and personal insolvency.
- Restructuring Advisory - Pre-insolvency restructuring advisory.
- Forensic Insolvency - Investigations and director conduct work.
How to become a Insolvency Practitioner
- Look up Insolvency Practitioner roles on LinkedIn or Indeed and read 5 real job ads
- Talk to someone already working as a Insolvency Practitioner - even a 15-minute call helps
- Find one beginner course or qualification used by people in this role
- Build one small piece of evidence you've explored this (project, shadowing, short course)
- Apply to one entry-level role or related opportunity within the next month
Key skills
- Insolvency law
- Negotiation
- Stakeholder mgmt
- Investigation
- Reporting