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Volume 505: debated on Wednesday 3 February 2010

To ask the Minister of State, Department for Business, Innovation and Skills what assessment he has made of the effectiveness of creditors' committees in scrutinising insolvency practitioners. (315192)

Creditors have a financial interest in the outcome of insolvency proceedings and are therefore well placed to monitor the actions of insolvency practitioners. Ultimately insolvency practitioners are subject to the control of the court.

The OFT is currently undertaking a study into various aspects of the corporate insolvency market.