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The prescribed part for unsecured creditors: a pithy review

Research output: Contribution to journalJournal articlepeer-review

Published
<mark>Journal publication date</mark>2017
<mark>Journal</mark>Insolvency Intelligence
Issue number4
Volume30
Number of pages4
Pages (from-to)55-58
Publication StatusPublished
<mark>Original language</mark>English

Abstract

Considers why the prescribed part fund is often the only or the main source of unsecured creditors' recovery in English insolvency proceedings, and questions whether this is desirable. Discusses the origins and the rationale of the prescribed part fund. Suggests that the low use of the prescribed part, and the poor unsecured creditor returns when it is used, may be attributed to its costs. Assesses how it can be made more efficient.