There are rules governing charges, which I will come on to, but certainly the motivation behind the order is to increase the pot of money that is available to creditors. As I was saying before the hon. Gentleman intervened, the savings from the proposals, together with parallel changes that we propose in the insolvency rules, will mean estimated savings of £17 million per year. That is part of a wider package of proposals to streamline the process.
Legislative Reform
Proceeding contribution from
Pat McFadden
(Labour)
in the House of Commons on Thursday, 19 March 2009.
It occurred during Legislative debate on Legislative Reform.
About this proceeding contribution
Reference
489 c1075 Session
2008-09Chamber / Committee
House of Commons chamberSubjects
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2024-04-21 23:52:55 +0100
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