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Dicing with debt

By: Series: Property Week ; 66(39) 28 September 2001, 82-83(2)Publication details: 2001Subject(s): Summary: Discusses government's proposals for reform of insolvency law, which were set out in the Insolvency White Paper, published in summer 2001. If enacted these will profoundly change the balance of power between lender and borrower. Large elements of lenders' control over enforcement of their security will be removed. Discusses the government's intentions, and provides a brief history of insolvency legislation, noting how this has affected the structuring of property security.

Discusses government's proposals for reform of insolvency law, which were set out in the Insolvency White Paper, published in summer 2001. If enacted these will profoundly change the balance of power between lender and borrower. Large elements of lenders' control over enforcement of their security will be removed. Discusses the government's intentions, and provides a brief history of insolvency legislation, noting how this has affected the structuring of property security.