Transparency data

Insolvency practitioner sanctions: Mark Sands 26 March 2024

On 26 March 2024 a Disciplinary Consent Order was made against Mark Sands, of London

• From: The Insolvency Service
• Published: 24 May 2024

Applies to England, Scotland and Wales

Documents

Disciplinary Consent Order Mark Sands

ODT, 32.4 KB

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Details

Summary of complaint

An Order has been made in relation to an allegation that Mr Sands in his role as Nominee of a proposed Individual Voluntary Arrangement (‘IVA’), breached the fundamental principle of professional competence and due care of the Insolvency Code of Ethics when he failed to properly verify the debtor’s assets and liabilities to ensure that the IVA proposal had a reasonable prospect of being approved and successfully implemented.

Accordingly, Mr Sands was found liable to disciplinary action under the IPA’s Articles of Association.

Published 24 May 2024