The Small Business, Enterprise and Employment Bill is currently making its way through parliament and, unfortunately, there are certain aspects of this proposal that are a cause for real concern.
One particular change that could effect the credit management world is to allow companies to be struck off the insolvency register quicker, with the period reduced from three to two months.
As insolvency practitioners we are concerned, and have witnessed how the reactivation of a company that has been struck of too early has allowed fraudulent directors to act quicker, leading to higher losses for the creditors.
We would like your thoughts on this, so please click here
to complete our short survey. We are looking to send our results of this survey to the government. Please respond by Tuesday 12 August.
National creditor services team
National creditor services