Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential for abuse of voluntary insolvencies.

In recent years the Government has commissioned research covering both corporate and personal voluntary insolvency processes. In 2022 the company voluntary arrangement research report was published and on 17 October 2024 the research findings into Individual Voluntary Arrangements (IVAs) was published. Further research into corporate voluntary insolvency processes will be published later this year. The Government will be considering the findings of this research, and along with other evidence, may bring forward proposals for reform in due course.