The Telegraph has published some further feedback on the response to the recent CVA consultation. Here is the story:
"Insolvency reform may end rise of pre-pack deals
Reforms aimed at improving the chances of more insolvent businesses being saved and ending abuses of the present set-up through contentious pre-pack arrangements have produced a mixed response from lawyers and professional bodies.
The Insolvency Practitioners Association (IPA) has given the proposals a cautious welcome, while the Association of British Insurers (ABI) hopes the changes will reduce the attractions of businesses being pre-packaged for a quick exit out of administration after they have failed.