I am very encouraged by the tone of the Minister's comments, but is he aware that some of the insolvency practitioners at the higher level of management charge more than £700 an hour for their time? That means that the £600 saving he cited is negated in about 55 minutes when certain practitioners are employed. Can he therefore assure us that, as well as discussing the measure today, he will consider whether we have adequate protection against the charging of such enormously high costs in circumstances when, by definition, the companies involved do not have much money?
Legislative Reform
Proceeding contribution from
Lembit Opik
(Liberal Democrat)
in the House of Commons on Thursday, 19 March 2009.
It occurred during Legislative debate on Legislative Reform.
About this proceeding contribution
Reference
489 c1076 Session
2008-09Chamber / Committee
House of Commons chamberSubjects
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2024-04-21 10:34:10 +0100
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