Home > Uncategorized > Insolvency regulators given “more power”

Insolvency regulators given “more power”

And about time to, many would say

http://www.insolvencynews.com/article/17160/regulation-compliance/business-minister-announces-ip-regulation-response

Many a frustrated creditor would have experienced disgust at the manner and handling of certain insolvencies and in my previous role as a credit manager in a number of industries, I can certainly cite certain past instances of abuses. 

You may assume that these abuses invariably involved backstreet firms. Think again. Worst example i came across? Think big arrogant  firm and think right at the top of that list

Myself and a handful of other creditors had little recourse at that time. The details of the new proposals are not clear at the present time and how powerful the regulators will prove to be is open to question but maybe at long last, there will be somewhere to turn

 

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