Insolvency: Coronavirus

(asked on 11th March 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of extending the temporary suspension of wrongful trading measures beyond April 2021 in order to align with other business support schemes extended beyond that date during the covid-19 outbreak.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 17th March 2021

Suspension of liability for wrongful trading is one of a package of regulatory easements introduced by the Corporate Insolvency and Governance Act 2020, which expire at the end of March or April.

The further extension of all of these easements is under active consideration by the Government, and an announcement will be made shortly.

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