Deborah Gregory and Emma Riddle of Lovells LLP consider the misunderstood 'pre-pack'
If certain press commentators are to be believed businesses banks lawyers and accountants are conspiring in activities falling not far short of fraud to 'pre-pack' good businesses for personal profit at the expense of landlords employees and suppliers to the business. Practitioners vigorously defend the practice. What is the truth behind the headlines?
What is a 'pre-pack'?
Despite popular belief a 'pre-pack' is not a special kind of insolvency process which is covered by statute: in fact statute is wholly silent about one of the most common events in modern insolvency practice.
A pre-pack...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Deborah Gregory and Emma Riddle of Lovells LLP consider the misunderstood 'pre-pack'
If certain press commentators are to be believed businesses banks lawyers and accountants are conspiring in activities falling not far short of fraud to 'pre-pack' good businesses for personal profit at the expense of landlords employees and suppliers to the business. Practitioners vigorously defend the practice. What is the truth behind the headlines?
What is a 'pre-pack'?
Despite popular belief a 'pre-pack' is not a special kind of insolvency process which is covered by statute: in fact statute is wholly silent about one of the most common events in modern insolvency practice.
A pre-pack...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
