Responses to the consultation document – a summary
Introduction
Views on the Rescue Culture
The current system – strengths and weaknesses.
International comparisons
The role of Company Directors and Managers.
Crown Preference
Reporting/Investigating Accountants being appointed Administrative Receivers.
Further encouraging/promoting a “Rescue Culture”- a range of possible reforms
to the law.
A change to voting provisions under CVAs.
Allowing solvent companies to enter administration
Promoting Collective Procedures
A Single Gateway
Fixed charges over book debts
Allowing companies to raise funds by a sale or mortgage of assets covered
by
a floating charge
Super priority financing
Conclusions
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