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IoD welcomes insolvency changes

Responding to changes to insolvency rules announced by the Business Secretary today, Jonathan Geldart, Director General of one of the UK's leading business organisations, the Institute of Directors, said:

“We are very pleased the Government has listened to the concerns of directors and announced these welcome measures. During the current crisis, directors are facing immense challenges and these are pragmatic steps to provide relief during this unprecedented period. The temporary suspension of ‘wrongful trading’ insolvency provisions will help to avert entirely preventable corporate collapses. It’s absolutely right that the Government should look to prioritise jobs and business survival.”

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