OFT market study into corporate insolvency

The IPC was invited to a meeting on 18 November 2009 to discuss the study which aims to look at the structure of the market, the appointment process for IPs and any features in the market which could result in harm, such as higher fees or lower recovery ratesfor certain groups of creditors. The IPC gave its views regarding fees, complaints, creditors, the appointment process, the charging process, market share, structure and development.

The IPC was invited back on 24 March 2010 to discuss the OFT’s initial conclusions.

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