Home > Uncategorized > End of the ‘pre-pack’?

End of the ‘pre-pack’?


Reported right across the media is the possible death of the pre pack administration which has of course, proved to be very controversial

There is little doubt in my mind that the process has been abused and to the extent that it could be viewed as an exercise in moral hazard, whereby directors trade in full knowledge that they will not be punished for failure

Many businesses will collapse for entirely unforeseeable reasons and I believe that much licence should be given in respect of such circumstances. However others will recklessly gamble knowing that the outcome will be met with a shrug of the shoulders. The problem is that there are many grey areas in between. It can be hard to pin this down

A solution? I am not sure but watch this space. Something to ponder on

Categories: Uncategorized
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