Government plans to clamp down on directors who dissolve companies to avoid paying workers or pensions have been welcomed by insolvency practitioners in the North West.
The proposals, which were announced on Sunday and represent the biggest changes to the corporate insolvency regime in almost 20 years, will also give struggling companies more time to rescue the business and help safeguard jobs.
Paul Barber, North West chair of the R3, the trade body for insolvency and restructuring professionals, said: We welcome the governments long-awaited announcement that it is moving forward with its corporate insolvency reforms. As the UKs exit from …
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