HC Deb 13 January 1998 vol 304 cc190-1W
Mr. White

To ask the President of the Board of Trade what plans she has to review(a) the bankruptcy laws and (b) the way bankruptcy is administered. [21489]

Mr. Nigel Griffiths

A working party is reviewing the current state of regulation in the insolvency profession and recently issued a consultation paper 'Insolvency Practitioner Regulation—Ten Years On'. Responses to that will inform their final report to the Secretary of State and the insolvency recognised professional bodies. Additionally, a further working party, chaired by Mr. Justice Ferris, is currently considering the remuneration of office holders and is expected to report in early 1998. The findings and conclusions of both groups will receive very careful attention when received.