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• Hauliers left with unpaid debts from collapsed companies will

3rd August 2000, Page 7
3rd August 2000
Page 7
Page 7, 3rd August 2000 — • Hauliers left with unpaid debts from collapsed companies will
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Which of the following most accurately describes the problem?

have a better chance of recovering their money under improvements to enforcement legislation being considered by the Lord Chancellor, Lord Irvine.

The frst phase of the Enforcement Review, published last week, estimates that 2600m a year is lost to creditors through unpaid civil judgment debts. Among the proposals is one to allow creditors to access information from third parties such as banks, building societies and the Inland Revenue, but with strict controls. Procedures for obtaining court warrants would also be simplified.

Irvine says: "Too often it is difficult for a successful claimant even to find out whether the debtor has any assets, let alone establish the extent of those assets or be paid what the court says the claimant is entitled to recover. Enforcement is very important. Not only does it ensure that justice is done, but if judgments are not enforced, then confidence in the justice system is undermined."

The review is expected to be complete by the end of the year, and will form the basis of a White Paper, It follows plans by the Insolvency Service to pilot a scheme in which rogue directors could be sued on a no-win/no-fee basis (CM 27 July-2 Aug).

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Organisations: Insolvency Service

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