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United Kingdom · Question · Written question

UIN 100404

Insolvency

answeredUnited Kingdom· UK Parliament· EN

Introduced

7 October 2020

Last action

12 October 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

12 October 2020

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect on the number of insolvencies of the decision not to extend the temporary provisions on wrongful trading in the Corporate Gover

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Timeline

  1. 7 October 2020

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect on the number of insolvencies of the decision not to extend the temporary provisions on wrongful trading in the Corporate Gover

    Source: Commons

  2. 12 October 2020

    Answer

    The wrongful trading provisions were temporarily suspended in March at the height of the pandemic when many businesses across the country were required to close. The temporary suspension gave company directors the confidence to continue trading while cons...

    Source: Written answer

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