Bankruptcy and winding-up petition reform
Date: Thursday 19th January, 2012
Author: Chris Laughton
Profile: Chris Laughton
The government consultation Reform of the Process to Apply for Bankruptcy and Compulsory Winding Up, which proposes adjudication by Insolvency Service staff rather than a court hearing of most petitions for bankruptcy and companies winding-up, has begun to trigger debate.
The High Court's Chief Bankruptcy Registrar and the Insolvency Service's Director of Policy have recently exchanged views through Accountancy Age.
I confess to favouring the view of the learned judge. As I write, the consultation has 12 days left to run, closing on 31 January 2012. The government (through the Insolvency Service's Policy Unit) welcomes the views of all interested parties.
Keywords: bankruptcy winding-up petition reform "Insolvency Service" "High Court"
Please note that the opinions expressed in this blog represent the views of the author and not the views of Mercer & Hole.
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