SIPs are issued to insolvency practitioners under procedures agreed between the insolvency regulatory authorities, acting through the Joint Insolvency Committee.
Please note: There is no SIP 5.
Displaying 1-38 of 38 results
SIP 1. A receiver's responsibility for the company's records (effective until 2 May 2011). Tech 52/04
- PDF (60kb)
Statement of Insolvency Practice 1 Scotland - A receiver's responsibility for the company's records . Effective 1 January 2005. Effective until 2 May 2011.
SIP 1. An introduction to statements of insolvency practice (effective until 1 October 2015)
- PDF (39kb)
Statement of Insolvency Practice 1 Scotland - An introduction to statements of insolvency practice. Effective from 2 May 2011. Effective until 1 October 2015.
SIP 1. An introduction to statements of insolvency practice (effective from 1 October 2015)
- PDF (81kb)
Statement of Insolvency Practice 1 Scotland - An introduction to statements of insolvency practice. Effective from 1 October 2015.
SIP 2. A liquidator’s investigations into the affairs of an insolvent company (effective until 2 May 2011).
- PDF (75kb)
Statement of Insolvency Practice 2 Scotland - A liquidator’s investigations into the affairs of an insolvent company. Effective 1 April 2007. Effective until 2 May 2011.
SIP 2. Investigations by office holders in administrations and insolvent liquidations (effective until 6 April 2016)
- PDF (43kb)
Statement of Insolvency Practice 2 Scotland - Investigations by office holders in administrations and insolvent liquidations . Effective from 2 May 2011. Effective until 6 April 2016.
SIP 2. Investigations by office holders in administrations and insolvent liquidations and the submission of conduct reports by office holders (effective from 6 April 2016)
- PDF (99kb)
Statement of Insolvency Practice 2 Scotland - Investigations by office holders in administrations and insolvent liquidations and the submission of conduct reports by office holders. Effective 6 April 2016.
SIP 3A. Trust deeds (effective from 7 December 2009)
- PDF (72kb)
Statement of Insolvency Practice 3A Scotland - Trust deeds. Effective 7 December 2009.
Outlays and third party payments in trust deeds and sequestrations
- PDF (145kb)
Additional guidance on fact-find payments and other outlays after the commencement of The Protected Trust Deeds (Scotland) Regulations 2013.
SIP 3B. Company voluntary arrangements
- PDF (113kb)
Statement of Insolvency Practice 3B Scotland - Company voluntary arrangements. Effective 1 April 2007.
SIP 3.2 Company voluntary arrangements (effective from 1 April 2021)
- PDF (182kb)
Statement of Insolvency Practice 3.2 Scotland - Company voluntary arrangements. Effective date: This SIP applies to all cases where the nominee is appointed on or after 1 April 2021
SIP 3.2. Company voluntary arrangements (effective until 31 March 2021)
- PDF (103kb)
Statement of Insolvency Practice 3.2 - Company voluntary arrangements. Applies to all cases where the nominee is appointed on or after 1 July
2014.
SIP 3.3 Trust Deeds (effective from 1 November 2023)
- PDF (155kb)
Statement of Insolvency Practice 3.3 Scotland - Trust Deeds. Effective from 1 November 2023.
SIP 3.3. Trust deeds (effective 1 July 2014 until 31 October 2023)
- PDF (155kb)
Statement of Insolvency Practice 3.3 Scotland - Trust deeds. Effective from 1 July 2014 until 31 October 2023.
SIP 4. Disqualification of directors (effective 1 Jan 2005) Tech 54/04 (effective until 29 April 2021)
- PDF (158kb)
Statement of Insolvency Practice 4 Scotland - Disqualification of directors. Effective from 1 January 2005. New legislative provisions for the reporting obligations of insolvency office holders on the conduct
of those who formerly controlled a company came into effect from 6 April 2016. The existing legislation and the current SIP 4 will be withdrawn on 6 October 2016. Effective until 29 April 2021.
Changes to SIP 2 and 4
New legislative provisions for the reporting obligations of insolvency office holders on the conduct of those who formerly controlled a company coming into effect from 6 April 2016:
SIP 6. Deemed consent and decision procedures in insolvency proceedings (effective from 6 April 2019)
- PDF (127kb)
Statement of Insolvency Practice 6 Scotland - Deemed consent and decision procedures in insolvency proceedings. Effective from 6 April 2019
SIP 7. Preparation of insolvency office holders' receipts and payments accounts (effective until 2 May 2011). Tech 55/04.
- PDF (87kb)
Statement of Insolvency Practice 7 Scotland - Preparation of insolvency office holders' receipts and payments accounts Effective from 1 Jan 2005. Effective until 2 May 2011.
SIP 7. Presentation of financial information in insolvency proceedings (effective from 1 April 2021)
- PDF (173kb)
Statement of Insolvency Proceedings 7 Scotland - Presentation of financial information in insolvency proceedings.
SIP 7. Presentation of financial information in insolvency proceedings (effective until 31 March 2021)
- PDF (99kb)
Statement of Insolvency Proceedings 7 Scotland - Presentation of financial information in insolvency proceedings. Effective from 2 May 2011.
SIP 8. Summoning and holding meetings of creditors convened pursuant to section 98 of the Insolvency Act 1986
- PDF (187kb)
Statement of Insolvency Practice 8 Scotland - Summoning and holding meetings of creditors convened pursuant to section 98 of the Insolvency Act 1986. Effective until 6 April 2019. SIP 8 is withdrawn effective from 6 April 2019 except for limited liability partnerships and certain special insolvency regimes.
SIP 9. Remuneration of insolvency office holders
- PDF (273kb)
Statement of Insolvency Practice 9 Scotland - Remuneration of insolvency office holders
SIP 9. Payments to insolvency office holders and their associates from an estate (effective from 1 April 2021)
- PDF (136kb)
Statement of Insolvency Practice 9 Scotland - Payments to insolvency office holders and their associates from an estate.
SIP 9. Payments to insolvency office holders and their associates (effective until 31 March 2021)
- PDF (134kb)
Statement of Insolvency Practice 9 Scotland - Payments to insolvency office holders and their associates. Effective from 1 June 2012.
SIP 10. Proxy forms. Tech 57/04
- PDF (84kb)
Statement of Insolvency Practice 10 Scotland - Proxy forms. Effective until 6 April 2019. SIP 10 is withdrawn effective from 6 April 2019 except for limited liability partnerships and certain special insolvency regimes.
SIP 11. Handling of funds in formal insolvency appointments
- PDF (480kb)
Statements Insolvency Practice 11. Handling of funds in formal insolvency appointments. Effective until 1 January 2018.
SIP 11. The handling of funds in formal insolvency appointments
- PDF (130kb)
Statement of Insolvency Practice 11 Scotland - The handling of funds in formal insolvency appointments. Effective from 1 January 2018.
SIP 12. Records of meetings in formal proceedings. Tech 59/04.
- PDF (87kb)
Statement of Insolvency Practice 12 Scotland - Records of meetings in formal proceedings. Effective until 6 April 2019. SIP 12 is withdrawn effective from 6 April 2019 except for limited liability partnerships and certain special insolvency regimes.
SIP 13. Acquisition of assets of insolvent companies by directors (effective until 1 December 2016). Tech 60/04
- PDF (66kb)
Statement of Insolvency Practice Scotland - Acquisition of assets of insolvent companies by directors. Effective from 1 January 2005 . Effective until 1 December 2016.
SIP 13. Disposal of assets to connected parties in an insolvency process (effective from 1 December 2016 until 29 April 2021).
- PDF (80kb)
Statement of Insolvency Practice 13 Scotland - Disposal of assets to connected parties in an insolvency process. Effective 1 December 2016 until 29 April 2021.
SIP 13. Disposal of assets to connected parties in an insolvency process (effective 30 April 2021)
- PDF (140kb)
Statement of Insolvency Practice 13 Scotland - Disposal of assets to connected parties in an insolvency process. Effective from 30 April 2021.
SIP 14. A receiver's responsibility to preferential creditors. Tech 51/04.
- PDF (128kb)
Statement of Insolvency Pratcice 14 Scotland - A receiver's responsibility to preferential creditors. Effective 1 Jan 2005.
SIP 15. Reporting and providing information on their functions to committees in formal insolvencies (effective until 1 March 2017)
- PDF (365kb)
Statement of Insolvency Practice 15 Scotland - Reporting and providing information on their functions to committees in formal insolvencies. Effective from.1 Jan 2004. Effective until 1 March 2017
SIP 15. reporting and providing information on their functions to committees and commissioners (effective from 1 March 2017)
- PDF (78kb)
Statement of Insolvency Practice 15 Scotland - Reporting and providing information on their functions to committees and commissioners. Effective from 1 March 2017.
SIP 16. Pre-packaged sales in administrations
- PDF (105kb)
Statement of Insolvency Practice 16 Scotland - Pre-packaged sales in administrations. Effective from 1 January 2009.
SIP 16. Pre-packaged sales in administrations (effective until 1 November 2015)
- PDF (93kb)
Statement of Insolvency Practice 16 Scotland - Pre-packaged sales in administrations. Effective from 1 November 2013. Effective until 1 November 2015.
SIP 16. Pre-packaged sales in administrations (effective from 1 November 2015 until 29 April 2021)
- PDF (128kb)
Statement of Insolvency Practice 16 Scotland - Pre-packaged sales in administrations. Effective from 1 November 2015 until 29 April 2021.
SIP 16. Pre-packaged sales in administrations (effective 30 April 2021)
- PDF (133kb)
Statement of Insolvency Practice 13 Scotland - Pre-packaged sales in administrations. Effective from 30 April 2021.
SIP 17. A receiver's responsibility for the company's records (effective from 2 May 2011)
- PDF (121kb)
Statement of Insolvency Practice 17 - A receiver's responsibility for the company's records. This document was issued as SIP 1 (Scotland) in February 1998. It was re-numbered as SIP
17 (without updating of the text) with effect from 2 May 2011.
Displaying 1-38 of 38 results