creditcontrol.co.uk
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So much for the UK insolvency regime being creditor friendly

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The world thinks the UK has an insolvency regime that favours creditors, but the truth is rather different, with negligible or most often no returns for them from the most heavily used liquidation procedure and the terminal decline of the main rescue process.

 

The only answer is much earlier and more decisive action to address their problems by struggling businesses, but that seems to be a big ask for embattled company directors explains the author of this article

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