Sunlight on pre-insolvency advisers
Updated 14.8.23: While pondering the 2023 Parliamentary Joint Committee’s recommendations about pre-insolvency advisers, I am reminded to go back to some earlier comments that in any regulation, the commercial and legal environment within which the untrustworthies operate should first be improved before any law changes – the usual regulatory laws, draconian penalties, threats etc – […]
UK personal insolvency reforms – summary of responses and next steps
In my comments of July 2023 following, I reviewed the 2022 call for evidence in the UK on reform of the personal insolvency system. The Australian PJC Report of July 2023 has recommended that there be a comprehensive review of both personal and corporate insolvency. While corporate insolvency received some close review by the PJC, […]
