A second chance
13 September 2012
Legal column
The UK government’s current Enterprise Bill brings the 2001 White Paper on insolvency to life. Here’s what do you need to know about the proposed new regime…
On 31 July 2001, the UK government published a White Paper, Insolvency - A Second Chance. This heralded the introduction of an Enterprise Bill, which was to amend the Insolvency Act 1986 and so modernise the law of personal and corporate insolvency. The Bill could receive Royal Assent by November, so may come into effect very soon.
The proposals aim to...