New Board chairman appointed

Credit, debt and insolvency specialist Stephen Allinson has been appointed chairman of the Insolvency Service Board.

Mr Allinson is a solicitor licensed insolvency practitioner and has extensive industry experience. He has written and presented widely on all areas of debt recovery and insolvency; is a visiting lecturer at the University of Law and chairs the Joint Insolvency Examination Board as well as being a consultant with Shoosmiths LLP. He first joined the Insolvency Service Board as a non-executive director in 2015.

Stephen Allinson said:

"I’m very much looking forward to working with the Insolvency Service to ensure that it continues to effectively oversee the UK’s internationally-recognised insolvency regime. In a dynamic economy businesses will fail. The job of the agency is to provide an effective framework that enables resources to be speedily recycled; financial misconduct to be policed and those in financial distress to be supported to tackle their debts and move on with their lives .

"It really is an exciting time for the Insolvency Service as we remodel and adapt to the many challenges of business life. I hope that as Chairman of the Board, I can fulfil the trust that has been placed in me and work with a very committed management team to achieve these aims."

The outgoing chair of the Board, David Ereira said:

"It has been a privilege to serve as chair and had the opportunity to work alongside the staff of the Insolvency Service for the past 6 years. During that time the service has taken great strides forward in its development and the whole team can take pride in its achievements. I wish Stephen well as the agency continues its work to improve the important services it offers to creditors and those in financial distress."