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1150752

registered interest
date	19/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Individual Voluntary Arrangements
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to assess the adequacy of regulations in regard to Individual Voluntary Arrangements.
tabling member printed	Lord Kennedy of Southwark
uin	HL226
answer	answer is ministerial correction date of answer 28/10/2019 answer text <p>The Government is currently assessing the regulatory framework for insolvency practitioners, which will include those responsible for delivering individual voluntary arrangements. In its recently closed Call for Evidence, Government sought views on the effectiveness of the current regulatory regime and whether there should be further consultation on changes to the system. The Government’s response to the consultation will be published in due course.</p> answering member printed Lord Duncan of Springbank question first answered 28/10/2019 17:09:20 answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	4153 label Biography information for Lord Kennedy of Southwark

1149752

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Thomas Cook: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the actions of financial and other advisers to Thomas Cook Group in seeking the payment of fees before the Group collapsed; what plans they have, if any, to launch an investigation into such actions; and whether such an investigation will examine whether these actions constituted an act of fraudulent preference to the disadvantage of UK taxpayers.
tabling member printed	Lord Myners
uin	HL45
answer	answer is ministerial correction date of answer 28/10/2019 answer text <p>The Business Secretary has written to the Insolvency Service to ask them to prioritize and fast-track their investigation into the circumstances surrounding Thomas Cook going into liquidation.</p><p> </p><p>Under the Insolvency Act 1986, the Official Receiver as liquidator may seek to overturn a range of transactions made prior to the liquidation, for example where preference payments have been made to a creditor/s or where a transaction is to the detriment of creditors.</p> answering member printed Lord Duncan of Springbank question first answered 28/10/2019 12:45:47 answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	3869 label Biography information for Lord Myners

1149755

registered interest
date	14/10/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	British Business Bank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what proportion of loans made by the British Business Bank and sourced from peer-to-peer platforms have defaulted.
tabling member printed	Lord Myners
uin	HL48
answer	answer is ministerial correction date of answer 28/10/2019 answer text <p>Since 2014, the British Business Bank has invested over £2.18bn via peer-to-peer platforms, benefitting over 19,617 SMEs (as at March 2019).</p><p>The default rate in the British Business Bank’s peer-to-peer platform investments is commercially sensitive information.</p> answering member printed Lord Duncan of Springbank question first answered 28/10/2019 12:47:11 answering member 4686 label Biography information for Lord Duncan of Springbank
tabling member	3869 label Biography information for Lord Myners