Sarah Aldridge, Credit Broking Director for TL Dallas comments on Construction Enquirer’s recent article – ‘Construction bosses who phoenix firms to face fines or bans’
‘The attached article suggests that changes to insolvency rules will be coming through shortly to prevent both phoenix companies rising from the ashes and avoiding paying creditors, as well as providing more protection for rehabilitating the debtor.
These changes will take UK insolvency laws closer towards the USA rules. These changes are, in my opinion, long overdue. There could be interesting times ahead… watch this space.’
Read the full article here.
TL Dallas is a leading provider of insurance solutions to protect against insolvency or protracted default exposures. If you would like to discuss your specific business needs we would welcome the opportunity to see if we can help provide more certainty in these uncertain times. Please email our Credit Insurance team on email@example.com.