Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, when he plans to implement the proposed reforms to the insolvency framework.

Responses to the Government consultation revealed a wide range of often conflicting viewpoints from different stakeholders. In addition, many stakeholder responses indicated greater detail on the proposals was necessary.

Following the publication of the summary of responses to the consultation in September 2016, the Government has continued to engage with a range of interested parties to further discuss and explore the important issues raised in responses to the consultation and find solutions to the challenges identified. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.