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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The prescribed part for unsecured creditors
T2 - a pithy review
AU - Akintola, Kayode
PY - 2017
Y1 - 2017
N2 - 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.
AB - 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.
KW - Corporate insolvency
KW - Prescribed part
KW - Unsecured creditors
M3 - Journal article
VL - 30
SP - 55
EP - 58
JO - Insolvency Intelligence
JF - Insolvency Intelligence
SN - 0950-2645
IS - 4
ER -