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Insolvency Act 1985

Volume 86: debated on Wednesday 13 November 1985

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asked the Secretary of State for Trade and Industry on what dates the various provisions of the Insolvency Act 1985 will become effective.

The greater part of the Insolvency Act is designed to be brought into effect at the same time although certain of its provisions, such as those relating to the disqualification of unfit directors and the attachment of personal liability for wrongful trading, are capable of standing alone. We have yet to take final decisions on the target dates for the commencement orders, but we intend to make the orders during 1986 and advance notice will be given. A major factor determining the timetable will be the preparation of the new and revised insolvency rules which implementation of the Act requires.