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| Enterprise
Act
The Enterprise Act 2002 received Royal Assent on 7 November 2002. The Act contains provisions to modernise insolvency law in the areas of both company and individual insolvency. Further information is available within the links below:
The Act's provisions and Secondary Legislation on corporate insolvency, the abolition of Crown preference and the powers of a trustee in bankruptcy came into force on 15 September 2003. Additional information is available within the links below:
The
remaining individual insolvency provisions and provisions reforming The
Insolvency Service's financial regime came into force on 1 April 2004. In addition to the insolvency provisions the Enterprise Act 2002 also made changes to competition and consumer legislation. Details of these are available on the DTI Enterprise Act website. Evaluation of the Enterprise Act 2002 The
Insolvency Service is evaluating the Enterprise Act 2002. The principal
aim of the evaluation is to provide a comprehensive assessment of
whether, to what extent and how the provisions of the Act meet its
policy objectives. Corporate
provisions of the Enterprise Act 2002 The
corporate insolvency provisions of the Enterprise Act came into force on
15 September 2003. The final evaluation report is due in Summer 2007. A
copy of the corporate evaluation planning paper and interim evaluation
report can be accessed via the links below. Individual
provisions of the Enterprise Act 2002 The individual provisions of the Enterprise Act came into force on 1 April 2004. A copy of the final evaluation report is available here
Copies of interim evaluation reports (which include the evaluation
planning papers) can be accessed via the links below.
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