IRRV Alert - week ending 16th October 2020
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Insolvency practitioner sanctions: Giles McCarthy 30 March 2020 (12 October 2020)
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Insolvency practitioner sanctions: Giles McCarthy 30 March 2020
On 30 March 2020 a disciplinary consent order was made against Giles McCarthy of Netchwood Finance Limited
Published 12 October 2020
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Disciplinary Consent Order Giles McCarthy
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Details
This Order is made in relation to a complaint that Mr McCarthy, in his role as Supervisor of an IVA, breached the fundamental principle of professional competence and due care of the Insolvency Ethics Code when he failed to properly report to creditors in the report dated 21 December 2016 that:
- A 5-month payment break had been sanctioned (advised that 4 months had been agreed)
Accordingly, Mr McCarthy was found liable to disciplinary action under the IPA’s Articles of Association.
Published 12 October 2020