Insolvency

(asked on 24th April 2019) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress his Department has made in progressing its proposed reforms to the corporate insolvency framework; and when he plans to bring forward legislative proposals on implementing those reforms.


Answered by
Kelly Tolhurst Portrait
Kelly Tolhurst
This question was answered on 2nd May 2019

In August 2018 the Government published its response to the 2016 ‘Review of the Corporate Insolvency Framework’ consultation and 2018 ‘Insolvency and Corporate Governance’ consultation. The Government outlined in its response its intention to proceed with a comprehensive package of reforms aimed at improving the prospects of company rescue for financially distressed companies, while improving corporate governance to ensure those affected by a company’s financial difficulties are treated fairly.

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