Draft Legislative Reform (Insolvency) (Advertising Requirements) Order 2009. Resolved that this House disagrees with the Regulatory Reform Committe recommendation that the Order should not be approved. Agreed to on question.
Legislative Reform
Legislative debate on Thursday, 19 March 2009,
in the House of Commons,
led by Pat McFadden.
The answering
member was John Penrose.
About these Parliamentary proceedings
Reference
489 c1073-97Session
2008-09Chamber / Committee
House of Commons chamberRelated items
Legislative Reform (Insolvency) (Advertising Requirements) Order 2009
Thursday, 4 December 2008
Statutory instruments
House of Lords
House of Commons
Thursday, 4 December 2008
Statutory instruments
House of Lords
House of Commons
Regulatory Reform Committee. First report on the draft Legislative Reform (Insolvency) (Advertising Requirements) Order 2009, together with formal minutes and evidence.
Tuesday, 20 January 2009
Parliamentary committees
House of Commons
Tuesday, 20 January 2009
Parliamentary committees
House of Commons
Proceeding contributions
Pat McFadden | 489 c1076 (Link to this contribution)
That may be the case, but, as I said, the fees will be governed by the courts. I stress that the pro...
Gordon Banks | 489 c1075-6 (Link to this contribution)
Insolvency fees may be managed through the creditors' committee, but does my right hon. Friend the M...
Show all contributions (64)
Andrew Miller | 489 c1076 (Link to this contribution)
I paid particular attention to my right hon. Friend the Minister's last statement about his expectat...
Lembit Opik | 489 c1074-5 (Link to this contribution)
I am pleased to hear that the Minister is concerned about the cost of insolvency practitioners. Is h...
Pat McFadden | 489 c1078 (Link to this contribution)
I do not propose to go over all the exchanges between officials on this matter. I believe that dialo...
Pat McFadden | 489 c1076-7 (Link to this contribution)
The point about the order is that it gives both the companies involved and the insolvency practition...
Gordon Banks | 489 c1086-8 (Link to this contribution)
It is good to be able to support many of the comments made by the Regulatory Reform Committee Chairm...
John Hemming | 489 c1083-4 (Link to this contribution)
The House may be aware of my interest in procedural issues. I am a bit of a glutton for punishment a...
Pat McFadden | 489 c1084 (Link to this contribution)
I should point out to the hon. Gentleman that HMRC has not been a preferential creditor since 2003.
Charles Walker | 489 c1093 (Link to this contribution)
The £600, though, does not make the critical difference, as the hon. Gentleman so eloquently pointed...
Speaker | 489 c1093 (Link to this contribution)
Order. Not so long as I am in the Chair.
Pat McFadden | 489 c1094 (Link to this contribution)
The hon. Member for Weston-super-Mare (John Penrose) asked me some questions about savings and other...
Pat McFadden | 489 c1095-6 (Link to this contribution)
I am sure that in its dialogue with insolvency practitioners, the Insolvency Service will make it cl...
Brian Binley | 489 c1095 (Link to this contribution)
It is sometimes appropriate to issue guidance notes on matters of this kind. If the creditors were l...
Pat McFadden | 489 c1095 (Link to this contribution)
I want to be fair to the hon. Gentleman, but I am not quite sure that that is what he was driving at...
Andrew Miller | 489 c1096 (Link to this contribution)
I have just been reflecting on my right hon. Friend's earlier comments; I apologise for going back a...
Pat McFadden | 489 c1096 (Link to this contribution)
I am sure that the newsagent benefits greatly from the number of times it is mentioned here, and goo...
Pat McFadden | 489 c1097 (Link to this contribution)
The practitioners have a duty to try to identify the unidentified creditors. The point of the order ...
Charles Walker | 489 c1092-3 (Link to this contribution)
I am delighted to be able to take part in this debate, because we have uncovered a devilishly cunnin...
Nigel Evans | 489 c1092 (Link to this contribution)
I hear what my hon. Friend has to say, and I completely agree with him. It is rather absurd, and wha...
John Howell | 489 c1092 (Link to this contribution)
I can assure the House that I will be as brief as possible so that we can make progress.
I thank th...
Nigel Evans | 489 c1089-91 (Link to this contribution)
Touché! It is 15 all. What I am trying to say is that I can understand what is behind the thrust tow...
Pat McFadden | 489 c1076 (Link to this contribution)
The fees can be high, but I put this point to the hon. Gentleman: given our concern about fees, it w...
Lembit Opik | 489 c1076 (Link to this contribution)
I am very encouraged by the tone of the Minister's comments, but is he aware that some of the insolv...
Pat McFadden | 489 c1074 (Link to this contribution)
I am sure that it is more in order for me to concern myself with this debate, rather than the next o...
John Hemming | 489 c1075 (Link to this contribution)
The Minister says there are estimated savings of £17 million per year. I thought it was £3.6 million...
Pat McFadden | 489 c1075 (Link to this contribution)
The £17 million figure is the savings from both the order we have proposed, which has been considere...
John Penrose | 489 c1078-80 (Link to this contribution)
It is always a pleasure to follow the Minister, who took such pains to be careful and reasonable in ...
Brian Binley | 489 c1081 (Link to this contribution)
The hon. Gentleman raises a very important concern. I understand that the whole reason for doing tha...
Andrew Miller | 489 c1080-1 (Link to this contribution)
I have listened to both Front Benchers and have heard much common sense, with the exception of the o...
Pat McFadden | 489 c1076 (Link to this contribution)
I am very happy to repeat that. There is no reason why anything we are proposing in the order before...
Brian Binley | 489 c1076 (Link to this contribution)
What assessment has the Minister made of the relationship between small businesses involved in insol...
Nigel Evans | 489 c1077 (Link to this contribution)
May I offer another suggestion? A lot of local papers are on the internet, so advertising via the lo...
Doug Naysmith | 489 c1078 (Link to this contribution)
I am the longest-serving member of the Regulatory Reform Committee and its predecessors in the House...
John Hemming | 489 c1085-6 (Link to this contribution)
I accept much of what the Minister says. Sympathetic though I was to the proposals in the Committee,...
John Hemming | 489 c1085 (Link to this contribution)
I agree that there is a need to review the priorities. This area of law is very complex, and one poi...
Pat McFadden | 489 c1085 (Link to this contribution)
On a procedural point, the hon. Gentleman heard my hon. Friend the Member for Ellesmere Port and Nes...
John Hemming | 489 c1085 (Link to this contribution)
I accept what the Minister says, and I am very pleased to say that I have not been involved in an in...
Lindsay Hoyle | 489 c1085 (Link to this contribution)
The hon. Gentleman has mentioned priority creditors. Does he believe that some creditors should have...
Andrew Miller | 489 c1081-3 (Link to this contribution)
My fears come from the reality of current practice. As the Minister explained, fees can be subject t...
Pat McFadden | 489 c1074 (Link to this contribution)
I am always happy to give way to the hon. Gentleman.
Brian Binley | 489 c1074 (Link to this contribution)
The Minister is always immensely kind to me. I am most grateful to him. As he will know, insolvency ...
Pat McFadden | 489 c1073 (Link to this contribution)
I beg to move,"That this House disagrees with the Regulatory Reform Committee in its recommendation ...
Christopher Chope | 489 c1073 (Link to this contribution)
Before the Minister gives us the background, can he explain succinctly why he does not believe that ...
Pat McFadden | 489 c1073-4 (Link to this contribution)
If the hon. Gentleman will exercise just a little patience, I shall come to that in a couple of minu...
Gordon Banks | 489 c1093 (Link to this contribution)
I am sorry to stop the hon. Gentleman in flow, but his breakdown of the £600 does not work in practi...
Brian Binley | 489 c1093 (Link to this contribution)
This could well turn into a witch hunt—
Charles Walker | 489 c1093 (Link to this contribution)
I thank my hon. Friend for pointing that out. Let us remember that marriages among insolvency practi...
Brian Binley | 489 c1093 (Link to this contribution)
Your words are most welcome and I am assured, Mr. Deputy Speaker, but I am concerned about the vilif...
John Hemming | 489 c1095 (Link to this contribution)
The point that I made about the banks is that some of the banks are, in effect, nationalised, so if ...
Pat McFadden | 489 c1094-5 (Link to this contribution)
I am tempted to use that tremendously flexible parliamentary word, "soon" in respect of the introduc...
Pat McFadden | 489 c1096 (Link to this contribution)
My hon. Friend may have heard the phrase "real help now". It is precisely because we are in favour o...
Gordon Banks | 489 c1096 (Link to this contribution)
Is the Minister not concerned that insolvency practitioners will develop their own process of best p...
Nigel Evans | 489 c1091 (Link to this contribution)
This is the best advertising that the London Gazette has had since 1665. I suspect that sales will s...
Michael Fabricant | 489 c1091 (Link to this contribution)
Does my hon. Friend not think that, apart from the fact that there is a delicious irony in the Leade...
Nigel Evans | 489 c1091 (Link to this contribution)
A one-band band such as a plumber is a good example, because they tend to work from early in the mor...
Brian Binley | 489 c1091 (Link to this contribution)
Will my hon. Friend tell us whether he has any shares in the London Gazette, because it sounds as if...
Gordon Banks | 489 c1091 (Link to this contribution)
Does the hon. Gentleman agree that there are many small businesses in the UK that still do not have ...
Lindsay Hoyle | 489 c1089 (Link to this contribution)
Is there any truth in the rumour that the hon. Gentleman sold the first copy of the London Gazette b...
Pat McFadden | 489 c1075 (Link to this contribution)
There are rules governing charges, which I will come on to, but certainly the motivation behind the ...
Pat McFadden | 489 c1077 (Link to this contribution)
That is a perfectly valid point. I stress that nothing in the order prevents an insolvency practitio...
Nigel Evans | 489 c1088-9 (Link to this contribution)
May I first declare an interest? I own a small newsagent's in Swansea. I thought that I would cover ...
John Penrose | 489 c1094 (Link to this contribution)
Before the Minister moves on from that point, can he indicate whether the timetable mentioned to the...
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