Protecting the Interests of General Unsecured Creditors in Pre-packs – The Implication and Implementation of SIP 16: the Implication and Implementation of SIP 16

    Research output: Contribution to journalArticle

    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 languageEnglish
    Pages (from-to)189-195
    Number of pages7
    JournalCompany Lawyer
    Volume31
    Issue number6
    Publication statusPublished - 2010

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