The Compendium

A Comprehensive Companion for All in the Insolvency and Restructuring Profession

  • Trustees in Bankruptcy.
  • Nominee and Supervisor of an Individual Voluntary Arrangement.
  • Nominee and Supervisor of a Company Voluntary Arrangement.

[See ‘Members’ Voluntary Liquidation’, ‘MVL’, ‘Creditors’ Voluntary Liquidation’, ‘CVL’, ‘Compulsory Liquidation’, ‘WUC’, ‘Liquidator’, ‘Official Receiver’, ‘OR’, ‘Administrator’, ‘Trustee in Bankruptcy’, ‘Company Voluntary Arrangement’, ‘Nominee’, ‘Supervisor’ and ‘Individual Voluntary Arrangement’.]

Officer of the Court

The following insolvency appointments attract the title, ‘Officer of the Court’:

  • Administrator
  • Trustee in Bankruptcy
  • Liquidator (Compulsory Liquidation only)
  • Supervisor of a Voluntary Arrangement
  • Special Manager
  • Provisional Liquidator

Note that the only appointments in which an officeholder is not an Officer of the court is a voluntary Liquidator, both a creditors and members appointed voluntary Liquidator.

As an Officer of the court, an officeholder has legal and ethical obligations over and insolvency law. Officers of the court are tasked to participate to the best of their ability in the functioning of the judicial system to forge justice out of the application of the law and the simultaneous pursuit of the legitimate interests of all parties and the general good of society.

[See ‘Administrator’, ‘Trustee in Bankruptcy’, ‘Liquidator’, ‘Compulsory Liquidation’, ‘Supervisor’, Special Manager’ and ‘Provisional Liquidator’.]

Official Receiver The Official Receiver (OR) is a civil servant working for the Insolvency Service, and is also an officer of the court. They do not have to be a qualified Insolvency Practitioner to carry on their role.