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143351
star this property registered interest false more like this
star this property date less than 2014-11-07more like thismore than 2014-11-07
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
unstar this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills more like this
star this property hansard heading Insolvency more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what estimate his Department has made of the proportion of (a) secured and (b) unsecured creditors who attend creditor meetings during an insolvency procedure. more like this
star this property tabling member constituency Chesterfield remove filter
star this property tabling member printed
Toby Perkins more like this
star this property uin 213843 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-11-19more like thismore than 2014-11-19
star this property answer text <p>There is no central record of how many creditors attend meetings in person, but evidence indicates that attendance at meetings is very low and that many meetings are not attended at all.</p><p> </p><p>The 2013 report, “Review of Insolvency Practitioner Fees” by Professor Elaine Kempson, estimated that only 4% of creditors attend meetings in person and that fully secured creditors seldom attend in person.</p><p> </p><p>The report goes on to say that two firms had actually calculated the percentage of creditors attending meetings in person. A large firm had calculated that 1% of creditors do so, and a smaller firm had calculated the amount to be 3.5%.</p> more like this
star this property answering member constituency East Dunbartonshire more like this
star this property answering member printed Jo Swinson more like this
star this property question first answered
less than 2014-11-19T14:33:03.063Zmore like thismore than 2014-11-19T14:33:03.063Z
star this property answering member
1513
star this property label Biography information for Jo Swinson more like this
star this property tabling member
3952
unstar this property label Biography information for Mr Toby Perkins more like this