Business Recovery & Insolvency Practitioners Association of Nigeria (BRIPAN) is a professional non profit association that is committed towards building the profile and performance of its members in the field of business recovery and insolvency practice. It promotes best practice for professionals working with financially troubled individuals and businesses. Founded on 17th June, 1994, as Insolvency Practitioners Association of Nigeria (IPAN), BRIPAN which was incorporated as a company limited by Guarantee under the Companies and Allied Matters Act 1990 is positioned to be recognized as THE VOICE of professionals involved in the practice of business recovery and insolvency. Business Turnaround and insolvency practice have become an unavoidable tool for financial management of distressed companies in their twilight zone- and also economic development. Insolvency practitioners are professionals trained to resolve or manage complex situations involving the protection of the interests of financial lenders as well as the protection of other stakeholders in a company such as employees, shareholders, trade creditors (suppliers, service providers) etc. This is essential to avoid in the most efficient way possible, the negative ripple effect of the insolvent state of a debtor company on other sectors and indeed the economy at large. To this effect, our main services as an association are Training, Advisory and Consultancy in the areas of Insolvency practice and business rescue. Our core objective is to build a body of knowledge in business recovery and insolvency amongst our members and other stakeholders and in so doing promote quality assurance in the delivery of services by our members (many of whom are seasoned and active practitioners). BRIPAN is also a member of the body of International Insolvency Practitioners-INSOL (insol.org), a relationship that has helped in ensuring that the Association and its members are committed to international best practices in insolvency practice.
Posted on: Thu, 22 Aug 2013 10:30:14 +0000
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