| answer text |
<p>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.</p><p>
</p><p>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.</p>
|
 |
