Proceeding contribution from Pat McFadden (Labour) in the House of Commons on Thursday, 19 March 2009. It occurred during Legislative debate on Legislative Reform.

Legislative Reform

There are rules governing charges, which I will come on to, but certainly the motivation behind the order is to increase the pot of money that is available to creditors. As I was saying before the hon. Gentleman intervened, the savings from the proposals, together with parallel changes that we propose in the insolvency rules, will mean estimated savings of £17 million per year. That is part of a wider package of proposals to streamline the process.

Secondary information

Type: Proceeding contribution
Reference: 489 c1075
Session: 2008-09
Chamber / Committee: House of Commons chamber
Subjects: Companies Advertising Costs Insolvency Internet Newspaper press Publicity Local press Legislative reform orders London Gazette
Legislation: Legislative Reform (Insolvency) (Advertising Requirements) Order 2009
Link: View this Proceeding contribution on www.publications.parliament.uk

Legislative Reform

Secondary information

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