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Temporary protections against business insolvency extended

Posted: 7th October 2020   In: Debt Collection Services

The government is extending the temporary measures it introduced to protect businesses from insolvency during the COVID-19 pandemic. 

The measures are contained in the Corporate Insolvency and Governance Act and were due to expire on 30 September 2020. They will now continue until the end of the year and in some cases, into next year.

They include: 

Business Minister Lord Callanan yesterday said: “It is vital that we continue to deliver certainty to businesses through this challenging time, which is why we are now extending these important and necessary measures to protect companies from insolvency.

“Through this measure, we want to ensure businesses are able to not only come through this testing period, but also to plan, adapt and build back better.”

Please contact Neil O'Callaghan if you would like advice about debt collection, credit control and insolvency issues.

 

 

Posted by: Neil O'Callaghan
Dispute Resolution
Luton Office