Business New review will consider abuses, but industry has heard it all before - Insolvency Service review set to reignite pre-pack debate

摘要

The Insolvency Service has announced an independent review that could see the revival of proposals to give creditors notice ahead of a pre-pack deal. Further details of the review, such as its timescale and scope, will be announced in the spring, when it is due to get under way. The announcement comes just over a year after the government scrapped proposals, originally announced in 2011, to introduce a grace period during a pre-pack administration that would give creditors three days' notice prior to any deal taking place.