16 March 2012
Did you know that you should notify the Bar Standards Board if
you are subject to a bankruptcy order or enter into an Individual
Voluntary Arrangement (IVA)? All barristers, whether practising or
not, are required under paragraph 905(c) of the Code of Conduct to
report promptly to the Bar Standards Board if:
Entering into an IVA or being subject to a bankruptcy order is
not in itself a disciplinary offence or a bar to practising;
however, failure to promptly report these circumstances to the BSB,
or failure to keep the BSB updated after reporting, may give rise
to disciplinary proceedings.
If you are subject to a bankruptcy order or enter into an IVA,
you should write to the BSB's Professional Conduct Department and
provide the date of the bankruptcy order or IVA and brief details
of the circumstances leading to the bankruptcy or IVA.
If you have any questions, or wish to discuss the matter
further, please feel free to telephone the Assessment Team within
the Professional Conduct Department.