Changes to insolvency rules will not save businesses – they’ll simply save a few directors whilst leaving the economy as a whole to sink

The government announced changes to regulations on insolvency laws this morning using emergency powers that have been provided to them. They said: Under the plans, the UK’s Insolvency Framework will add new restructuring tools including: a moratorium for companies giving them breathing space for from creditors enforcing their debts for a period of time whilst […]

source https://thebtrader.com/2020/03/30/changes-to-insolvency-rules-will-not-save-businesses-theyll-simply-save-a-few-directors-whilst-leaving-the-economy-as-a-whole-to-sink/?utm_source=rss&utm_medium=rss&utm_campaign=changes-to-insolvency-rules-will-not-save-businesses-theyll-simply-save-a-few-directors-whilst-leaving-the-economy-as-a-whole-to-sink