Insolvency qualification for Moore Stephens’ employee

Wednesday 17 September 2014

A supervisor in Moore Stephens’ risk and recovery team in Jersey, Ashley Petty, has achieved the Certificate of Proficiency in Insolvency (CPI).

The CPI is both practical and technical and the examination aims to test candidates’ competency in statutory insolvency procedures and covers both corporate and personal insolvency.

Mr Petty said: "Undertaking this qualification was a great opportunity for me to expand my knowledge of insolvency and challenge myself to develop more proficiency in this sector. Ultimately the aim is take the Joint Insolvency Examination Board exam and become a fully qualified practitioner.”

 Adrian Rabet, head of the risk and recovery team at Moore Stephens is himself a licensed insolvency practitioner and noted that increasing the team’s capacity was important in the current financial market.

“We have seen an increase in insolvency and restructuring work over the last couple of years,” he said. “This is primarily due to the changing regulatory environment. Many people are now much more cautious when winding up a business and so are more inclined to take professional advice. Our aim is now to grow and expand our insolvency team, developing further expertise in this area. Ashley’s fantastic achievement is a key step in this process and is a fitting reward for his hard work.”