Abstract
Considers the use of pre-pack administrations. Explains what they are and notes some of their advantages over a conventional administration procedure. Identifies concerns about the pre-pack procedure, particularly amongst unsecured creditors. Reviews the protection available for unsecured creditors prior to and after entry into a formal administration. Stresses the importance of providing full disclosure to creditors about the decision to use the pre-pack procedure. Outlines the aims and key requirements of Statement of Insolvency Practice 16. Reports on the level of compliance with it.
| Original language | English |
|---|---|
| Pages (from-to) | 189-195 |
| Number of pages | 7 |
| Journal | Company Lawyer |
| Volume | 31 |
| Issue number | 6 |
| Publication status | Published - 2010 |