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tabling member › label	Biography information for Mr Barry Sheerman
answer › answer text	%3Cp%3EI regularly receive representations from those who are owed monies by insolvent companies. Unfortunately it is the inevitable consequence of insolvency that some creditors will remain unpaid%2C but the Government is committed to making sure that we have the fairest possible insolvency regime for when things go wrong. Measures contained in the Small Business%2C Enterprise and Employment Bill will benefit creditors by saving an estimated %C2%A320m per year from the cost of insolvency proceedings.%3C%2Fp%3E%3Cp%3E %3C%2Fp%3E
min date	2015-01-13
answering body	Department for Business%2C Innovation and Skills

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tabling member constituency

tabling member printed

uin

answer

is ministerial correction

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answering member constituency

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question first answered

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tabling member


label

173352

registered interest

date

13/01/2015

answering body

Department for Business, Innovation and Skills

answering dept id

answering dept short name

Business, Innovation and Skills

answering dept sort name

Business, Innovation and Skills

hansard heading

Insolvency

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Business, Innovation and Skills, what recent representations he has received from creditors of companies which go into insolvency about the Insolvency Act 1986.

tabling member constituency

Huddersfield

tabling member printed

Mr Barry Sheerman

uin

220648

answer

is ministerial correction

date of answer

19/01/2015

answer text

<p>I regularly receive representations from those who are owed monies by insolvent companies. Unfortunately it is the inevitable consequence of insolvency that some creditors will remain unpaid, but the Government is committed to making sure that we have the fairest possible insolvency regime for when things go wrong. Measures contained in the Small Business, Enterprise and Employment Bill will benefit creditors by saving an estimated £20m per year from the cost of insolvency proceedings.</p><p> </p>

answering member constituency

East Dunbartonshire

answering member printed

Jo Swinson

question first answered

19/01/2015 11:32:35

answering member

1513

label	Biography information for Jo Swinson

tabling member

411

label	Biography information for Mr Barry Sheerman