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Item Details
| Title:
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THE INSOLVENCY SERVICE
SIXTH REPORT OF SESSION 2012-13, REPORT, TOGETHER WITH FORMAL MINUTES, ORAL AND WRITTEN EVIDENCE |
| By: |
Great Britain: Parliament: House of Commons: Business, Innovation and , Adrian Bailey |
| Format: |
Paperback |
| List price:
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£17.50 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0215053362 |
| ISBN 13: |
9780215053367 |
| Publisher: |
TSO |
| Pub. date: |
6 February, 2013 |
| Series: |
House of Commons Papers |
| Pages: |
135 |
| Synopsis: |
The Business, Innovation and Skills Committee has today published a report containing a number of conclusions and recommendations resulting from its inquiry into the Insolvency Service, including: (i) without an increase in resources the investigations unit will be unable to increase the number of cases it can prosecute which will further undermine stakeholder confidence; (ii) there is a risk that further reductions in annual running costs and staff may put undue pressure on the Insolvency Service to deliver; (iii) it is clear from the evidence that the fee-generated income model for the Official Receiver Service is unreliable in the current economic climate (iv) issues remain with pre-pack administration, which need to be addressed; (v) given the level of debt relief they can receive, it would not be unreasonable to increase the GBP525 upfront fee that individual debtor bankrupts have to pay. The Committee welcomes the news that the regulators and the insolvency industry have been working together to create common regulatory standards across the profession.The creation of a single gateway for complaints, common standards and a common appeals process would be an important step in this regard. The Service should be required to publish an annual report that charts progress in this area. |
| Publication: |
UK |
| Imprint: |
TSO |
| Returns: |
Non-returnable |
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