s 55 Licensed insolvency practitioner not to act under certain circumstances
55. A licensed insolvency practitioner must not act as an insolvency practitioner at any time when the licensee —(a) has been adjudged a bankrupt and has not been discharged from bankruptcy; (b) is subject to a disqualification order made under section 149 of the Companies Act 1967; (c) is subject to a debt repayment scheme under Part 15; (d) is subject to a voluntary arrangement under Part 14; or (e) is subject to any procedure, order, scheme or arrangement under the laws of any foreign country similar to those mentioned in paragraphs (a) to (d).