Insolvency Service consults on changes to insolvency law

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The Insolvency Service is asking for views on a number of proposals that would simplify the law governing insolvency procedures and the regulations that affect insolvency practitioners.

For the most part the proposals simply set out ways in which the existing law can be simplified, but there are some proposed changes that would have a significant impact on the way in which insolvencies are conducted. The highlights include the following…

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