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Makeover for ‘Pre-pack’ Insolvency – is it overdue?

Makeover for ‘Pre-pack’ Insolvency – is it overdue?

We await the Joint Insolvency Committee’s response to the Business Minister, Jenny Wilmott’s ministerial statement recently outlining government proposals "to improve confidence in the insolvency regime". The UK Government has recently put forward a number of proposals that it says will make sure businesses and customers get a better deal from failing companies.  One key area of insolvency practice covered by the proposals is the use of pre-pack sales.

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