HC Deb 02 July 1982 vol 26 cc402-3W
Mr. Spence

asked the Minister for Trade whether he has completed his consideration of the Cork committee recommendations on insolvency; what plans he has for their implementation; and if he will make a statement.

Mr. Baker

asked the Minister for Trade, if he plans to introduce legislation to implement the proposals of the Report of the Review Committee 'Insolvency Law and Practice', Cmnd. 8558.

Dr. Vaughan

I have not completed my consideration of the report of the Cork committee recommendations; these are substantial and comprehensive and require the fullest and most careful consideration. The report raises issues of wide commercial and financial importance; officials will be holding full consultations with the representative bodies concerned before decisions on implementation are taken. The consultations have now started, following the publication of the report on 9 June 1982.