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The Prescribed Part for Unsecured Creditors: A Further Review

Research output: Contribution to specialist publicationSpecial issue

Publication date1/05/2019
Number of pages4
JournalInsolvency Intelligence
Issue number2
<mark>Original language</mark>English


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.