insolvency service

Bankruptcy and winding-up petition reform

Chris Laughton
January 19, 2012 15:03

The government consultation Reform of the Process to Apply for Bankruptcy and Compulsory Winding Up, which proposes adjudication by Insolvency Service staff rather than a court hearing of most petitions for bankruptcy and companies winding-up, has begun to trigger debate. The High Court's Chief...

Edward Davey sees the merits of a single insolvency regulator

Chris Laughton
December 20, 2011 18:14

In a statement on insolvency practitioner regulation today (20.12.11) The Minister for Employment Relations, Consumers and Postal Affairs [and Insolvency] recognised strong stakeholder support for an independent single regulator. Announcing the government's response to the consultation on...

Insolvency Regulation Reform

Chris Laughton
June 15, 2011 20:42

The Insolvency Service is still "in listening mode" in relation to its February 2011 Consultation on Reforms to the Regulation of Insolvency Practitioners, according to a presentation on 15 June by its Director of Policy, even though the consultation...

UK: consultation published - reforms to the regulation of insolvency practitioners

Robert Goddard
February 17, 2011 00:01

The Insolvency Service has published a consultation paper on reforms to the regulation of insolvency practitioners: see here (pdf).

Pre-packs are good for creditors

Chris Laughton
January 31, 2009 09:02

Pre-pack administrations, where the business of an insolvent company is sold as soon as the administrators are appointed, often to the company's management or shareholders, are under scrutiny. The Business and Enterprise Select Committee (Chairman - Peter Luff MP) examined...