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Research output: Contribution to specialist publication › Special issue
Research output: Contribution to specialist publication › Special issue
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TY - GEN
T1 - The Prescribed Part for Unsecured Creditors
T2 - A Further Review
AU - Akintola, Kayode
PY - 2019/5/1
Y1 - 2019/5/1
N2 - Examines key developments affecting the role of the prescribed part fund for unsecured creditors in UK insolvency proceedings. Reviews data on the fund's use in proceedings between 2012 and 2016, the problems arising from the narrow application of the concept of a company's net property, and the impact of raising the cap on the fund and restoring HMRC's preferential status. Suggests why the fund should either be extensively reformed or abolished.
AB - Examines key developments affecting the role of the prescribed part fund for unsecured creditors in UK insolvency proceedings. Reviews data on the fund's use in proceedings between 2012 and 2016, the problems arising from the narrow application of the concept of a company's net property, and the impact of raising the cap on the fund and restoring HMRC's preferential status. Suggests why the fund should either be extensively reformed or abolished.
KW - Corporate insolvency
KW - HMRC
KW - insolvency proceedings
KW - Prescribed part
KW - Priorities
KW - Unsecured creditors
M3 - Special issue
VL - 32
SP - 67
EP - 70
JO - Insolvency Intelligence
JF - Insolvency Intelligence
SN - 0950-2645
ER -