Pre-Insolvency Proposals Debated
Directors of the European Association of Certified Turnaround Professionals (EACTP) have called for a formal pre-insolvency moratorium to be introduced in the UK to help companies in distress…..
14 May, 2015
Directors of the European Association of Certified Turnaround Professionals (EACTP) have called for a formal pre-insolvency moratorium to be introduced in the UK to help companies in distress.
EACTP President Tyrone Courtman and Education and Training Committee Chair Alan Tilley advocated this change as part of the association’s response to consultation by The Insolvency Service on European Commission recommendations for a new approach to business failure and insolvency. The proposals, published last March, would allow companies to restructure at an earlier stage, before formal insolvency proceedings are started.
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