§ Mr. SalmondTo ask the Secretary of State for Trade and Industry what advice her Department acted upon when deciding on paragraph 75 of the draft Enterprise Bill in relation to the three month limit for the appointment of an administrator. [66688]
§ Miss Melanie JohnsonDuring consultation on the White Paper: "Productivity and Enterprise: Insolvency: A second chance", concerns were expressed that lack of a fixed timetable in administration resulted in uncertainty for creditors and costly delays. These concerns were mainly expressed by practitioners who specialise in smaller cases because the costs of running a lengthy administration can be a significant barrier to entry into administration.