§ 54. Mr. Fordasked the Secretary of State for Trade and Industry if he has considered evidence sent to him by the hon. Member for Bradford, North, concerning the operation of the law on bankruptcy; and what action he proposes to take.
§ Mr. RidleyI would refer the hon. Member to the Answer which I gave to him yesterday. The abuses which the hon. Member has in mind appear to relate to companies rather than to bankruptcy. The need for amending the provisions of the Companies Act, 1948, regarding directors and other officers concerned in the failure of companies is being considered in the review of company law now in progress.
§ Mrs. Doris Fisherasked the Secretary of State for Trade and Industry if he will review company and bankruptcy laws in order to prevent suffering and loss to the general public.
§ Mr. RidleyThe need for amending the provisions of the Companies Act, 1948, regarding directors and other officers concerned in the failure of companies is being considered in the review of company law now in progress. The Bankruptcy Acts were reviewed by the Blagden Committee which reported in 1957.