Liverpudlian insolvency practitioner, Gerard Keith Rooney, has been fined due to unprofessional behaviour and failing to assist the Insolvency Practitioners Association (IPA) when asked for a response between June 2014 and February 2015.

He also failed, as an appointed liquidator of a company, to provide progress reports to Companies House. This was a clear breach of section 104A of the insolvency Act 1986.

Not co-operating with regulators and ignoring essential reports will lead to an investigation, disciplinary action and in this case a hefty fine.