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<h1>Insolvency professionals must disclose conflicts, maintain independence, avoid acquiring debtor assets, and ensure transparent fees and confidentiality obligations.</h1> The Code requires insolvency professionals to maintain integrity, objectivity and independence; avoid acquiring debtor assets or creating conflicts; disclose pecuniary or personal relationships and timed relationships to the professional agency; ensure arm's-length appointments of other professionals; maintain competence, contemporaneous records, timely communications, and confidentiality; submit to inspections and audits; charge transparent, reasonable remuneration invoiced through banking channels and disclosed to the agency; and observe restrictions on employment, resignation, gifts, and hospitality.