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Company Insolvency

Volume 407: debated on Wednesday 25 June 2003

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To ask the Secretary of State for Trade and Industry if she will make a statement on her plans for reform of the framework for company insolvency in cases where a service provider on a contingent fee basis has ceased trading because it is insolvent. [121286]

The corporate insolvency provisions of Part 10 of the Enterprise Act 2002 are likely to be brought into force at some point during September 2003, but there are no plans for further reform of the legislative framework relating to company insolvency.