Ministers are in talks to extend a moratorium aimed at preventing a deluge of company insolvencies amid fears that renewed trading restrictions will tip thousands of businesses beyond the brink of collapse.
Sky News has learnt that officials are discussing an extension of the ban on statutory demands being used as the basis for winding-up petitions, which has been in place since late April.
The move is expected to be finalised within a matter of days, given that the moratorium expires at the end of the month.
Sources said this weekend that an extension was not yet guaranteed but was “overwhelmingly likely”.
The measure was one of several included in the government’s Corporate Insolvency and Governance Act, which became law in June.
…
Read the full article at: https://news.sky.com/story/coronavirus-ministers-eye-extension-of-insolvency-measures-12077325
