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Insolvency - A second chance
07/09/2001. Source:The Insolvency Service.
 The government is seeking to overhaul the UK's insolvency laws, which, it believes, allow too many businesses to go to the wall unnecessarily. Any attempt to engender a rescue culture is of interest to all types of investor. Here is the government's white paper on insolvency.
Key proposals in the white paper include abolishing administrative receivership, removing the crown's preferential right to assets in insolvencies and eliminating some of the stigmas surrounding bankruptcy.
Click here to view the full paper (441KB)
Copyright © 2001 HMSO
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