United Kingdom · Question · Written question
UIN 200716
Insolvency: Regulation
Original
Introduced
13 October 2023
Last action
25 October 2023 · Answer
Status
Answered
Sponsors
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Subjects
Discovery layer
Source updated
25 October 2023
Summary
To ask the Secretary of State for Business and Trade, whether she has made an assessment of the potential merits a statutory duty on insolvency practitioners to pay outstanding (a) wages and (b) notice pay as the first duty when a company ceases to trade
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Timeline
13 October 2023
Written question
To ask the Secretary of State for Business and Trade, whether she has made an assessment of the potential merits a statutory duty on insolvency practitioners to pay outstanding (a) wages and (b) notice pay as the first duty when a company ceases to trade
Source: Commons
25 October 2023
Answer
Raising the priority of payment for employee claims would inevitably reduce the sums that may be paid to other unsecured creditors, including small businesses.Former employees of insolvent employers can claim redundancy payments and other contractual debt...
Source: Written answer
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- · Department for Business and Trade · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-10-13/200716
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1662862
- uk · wq-1662862 · source updated 25 October 2023