JIEB (Joint Insolvency Examinations Board) Exams

Why take JIEB in 2008?

There is an increasing recognition of the need to have people with specialist knowledge and experience of handling insolvencies, and increased value in having staff with an understanding of insolvency procedure and practices.

If you are a member of a recognised professional body, or have satisfied the requirements of the IPA, or Secretary of State for Trade and Industry, your next step towards becoming a licensed Insolvency Practitioner is to pass the examinations of the Joint Insolvency Examinations Board.

The Exam

The JIEB Examinations are a set of exams with a practical emphasis, held annually.

In 2008 these exams will be held in November

They consist of three separate papers on:

• Liquidations
• Administrations, CVAs and Receiverships
• Personal Insolvency

In 2008 for the first time, the examinations will be 3 and a half hours long. A copy of the Butterworths Insolvency Handbook will be provided in the examination, and each paper will be, based on legislations and practice in force as at the 1st April prior to the exam. Each 3 and a half-hour paper has two parts, with Part A consisting of two compulsory questions carrying 40% of the marks, and Part B consisting of two compulsory questions carrying 60%.

In terms of difficulty, the overall standard is equivalent to the final qualifying examinations of recognised accountancy and legal bodies.

To pass the JIEB, candidates must pass all three papers. They may attempt all three papers, or two of the three papers at one sitting. If a candidate takes all three papers, but is unsuccessful in one of the papers they will refer in the remaining paper. If a candidate takes two papers at one sitting, and are unsuccessful in one, then their remaining pass will not count.

Since mid-2007, candidates may take the Personal Insolvency paper only at their first sitting.

All three papers should be completed within five years of the first sitting, with no more than 5 attempts of any one paper.The five-year period may be extended at the discretion of the JIEB board.

In 2008 we will be providing courses at our London, Birmingham and Manchester centres.

The exam is a test of insolvency competence and consists of one 3-hour paper, held once a year.

Courses

We offer full link, distance learning and retake courses.

We offer an optional course on insolvency accounts designed to help those unfamiliar with the accounts element of the syllabus, who need to develop skill and confidence in approaching the numerical questions in the JIEB exams.