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Insolvency can be good for you!

A version of this article first appeared in Financier Worldwide Global Restructuring & Insolvency Review 2003 The 21st century has seen the firm establishment of a rescue culture in the UK, exemplified by the growing influence of the Society of Turnaround Professionals and the now familiar corporate insolvency provisions of the Enterprise Act 2002. The legislative developments have served to lower entry barriers to insolvency proceedings in terms of cost and perception, the latter through reducing the "stigma of bankruptcy". In particular, the statutory objectives of administration, which is firmly established as the jurisdiction

 

 

Date: 31st January, 2007
Author: Chris Laughton

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