Insolvency practitioner sanctions: Andrew Dix 7 June 2022
On 7 June 2022 a Disciplinary Consent Order was made against Mr Andrew Dix of Chelmsford
Documents
Details
This Order is made in relation to the following complaints:
Complaint 1
Between 3 May 2017 and 21 June 2017 Mr Andrew Dix, in his capacity as trustee in bankruptcy of Mr ‘A’s estate, failed to comply with the fundamental principle of Professional Competence and Due Care in accordance with the Code of Ethics Part D, when he executed the sale of certain assets which vested in the bankruptcy estate, without obtaining an independent valuation or conducting a marketing exercise.
Mr Dix is therefore liable to disciplinary action under Disciplinary Bye-law 4.1b (effective 3 October 2016).
Complaint 2
Between 27 August 2017 and 11 September 2017 Mr Andrew Dix, in his capacity as trustee in bankruptcy of Mr ‘A’s estate, breached paragraph 3.7 and/or 3.9 of the Insolvency Licencing Regulations (effective 13 October 2015) as he failed to comply with:
a) Rule 15.8 of the Insolvency (England & Wales) 2016 Rules and/or
b) Rule 15.9 of the Insolvency (England & Wales) Rules 2016 and/or
c) Rule 15.11 of the Insolvency (England & Wales) Rules 2016 and/or
d) Paragraph 6 of Statement of Insolvency Practice 6 and/or
e) Paragraph 7 of Statement of Insolvency Practice 6 and/or
f) Paragraph 9 of Statement of Insolvency Practice 9 and/or
g) Paragraph 11 of Statement of Insolvency Practice 9 and/or
h) Paragraph 16 of Statement of Insolvency Practice 9,
when seeking to obtain approval for the basis upon which he was to be remunerated as trustee.
Mr Andrew Dix is therefore liable to disciplinary action under Disciplinary Bye-law 4.1c (effective 3 October 2016)