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.
|Number of pages||7|
|Publication status||Published - 2010|