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Insolvency law changes as a result of Coronavirus

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Insolvency law changes as a result of Coronavirus

The government has announced plans to relax insolvency rules to protect businesses hit by the Coronavirus crisis. The aim is to prevent businesses who can’t pay their debts from having to file for Administration/Company Voluntary Arrangement or Winding Up. Under the plans, new restructuring tools will be added to the UK’s Insolvency Framework including: a […]

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