Thursday, July 12, 2012

The Role of Insolvency Practitioners in Keeping a Stable Economy

Business Magazine | Finance & Legal Magazine, Financial Corporate News: "Following a number of high profile collapses in the retail sector, the role of Insolvency Practitioners (‘IPs’) has come to our attention. We ask what role exactly do IPs play in our economy and, by extension, whether we need an effective insolvency regime for the economy to function. Are business failures simply part of a healthy entrepreneurial economy?



According to the Centre for Economics and Business Research (‘Cebr’), the insolvency industry ‘plays a vital role in maintaining a business environment in which creditors are willing to lend, entrepreneurship is encouraged and the economy can flourish. ‘Here lies a fundamental question – what type of economy do we want?"

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