DTI To Help Bankrupt Companies

Published / Last Updated on 05/08/2002

Honest company owners will be offered a second chance to get back into business by the DTI's Enterprise Bill. The bill will provide an improved rescue culture and one of the proposals will include the abolition of the Crown's preferential rights to recover unpaid taxes ahead of other creditors. 

Approval for the Bill is expected to be October 2002.

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