Linked Data API

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tabling member printed	Lord Mendelsohn
uin	HL5791

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Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1204234

registered interest

date

16/06/2020

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

Insolvency: Subsidiary Companies

house id

legislature

25277

	pref label	House of Lords

question text

Her Majesty's Government what assessment they have made of businesses using pre-pack administration processes to buy back subsidiaries at a discounted rate while failing to repay creditors.

tabling member printed

Lord Mendelsohn

uin

HL5791

answer

is ministerial correction

date of answer

29/06/2020

answer text

The Insolvency Service has carried out an assessment of the impact of voluntary measures introduced in 2015 to improve transparency and confidence in pre-pack sales to connected parties in administration. The findings will be published in due course. There is some protection in insolvency legislation for unsecured creditors in the form of the “prescribed part”, which is the amount of a company’s assets that must be reserved for the benefit of unsecured creditors when it enters administration.

answering member printed

Lord Callanan

question first answered

29/06/2020 15:15:01

answering member

4336

	label	Biography information for Lord Callanan

tabling member

4286

	label	Biography information for Lord Mendelsohn